PHILADELPHIA, PA-Freeman’s Modern and Contemporary Art sale held on 29 October 2019, and The Collection of Robert J. Morrison sale held on 30 October 2019, were resounding successes. Sale totals combined reached over $2.8million.
The auctions featured many lots that spanned multiple media across several collecting genres including paintings, sculpture, works on paper, and prints and multiples.
MODERN & CONTEMPORARY ART
Among the significant highlights from the Modern and Contemporary Art auction were several works from the distinguished collection of Mr. and Mrs. Richard Oldenburg. Distinguished collector and art world power broker, Richard Oldenburg’s interest in the arts helped him and his wife to build an impressive personal collection of international scope. The entire collection sold for $304,687, which more than doubled the presale low estimate total. Most notable was a pencil drawing by American artist Ellsworth Kelly entitled Lemon Branch (Lot 68), which achieved an auction record for a pencil work by the artist and sold for $181,250 tripling its presale low estimate of $60,000.
More noteworthy works sold in the Modern and Contemporary Art sale included an important work on paper by American artist Helen Frankenthaler, Red Hot,(Lot 52)which garnered $137,500; and another work on paper by Chinese/French artist Zao Wou Kifrom his Oracle Bones series, Untitled, (Lot 27)which brought an impressive $93,750.
Dunham Townend, Head of the Modern and Contemporary Art department states: “We were delighted to achieve strong results for important works on paper by blue chip artists and to set a record for a significant Ellsworth Kelly drawing from a notable collection.”