100% sell-through rate in The Artist’s Studio auction at Freeman’s
PHILADELPHIA, PA.- On the heels of the extraordinarily successful American Art & Pennsylvania Impressionists auction, Freeman’s announced that its June 16 American Art @1600 auction featuring The Artist’s Studio: John Winters achieved an 100% sell-through rate and more than doubled its pre-sale low estimate.
With works offered at accessible price points by reputable artists such as Francis Hopkinson Smith, Theodore Robinson, Jane Peterson, Martha Walter as well as Pennsylvania Impressionists Walter Baum, Antonio Martino, husband and wife Arthur Meltzer and Paulette van Roekens, the auction welcomed a host of new online bidders who accounted for nearly 30% of successful buyers, confirming Freeman’s streak of success in the online art market.
The auction marked the launch of Freeman’s new auction series The Artist’s Studio, which creates awareness for talented, but previously unrecognized, professional fine artists and helps to further develop the market for their work.
In this inaugural auction, Freeman’s offered 26 fresh-to-market lots from the estate of Chicago and Philadelphia artist John Winters (1904-1983). The auction served as the artist’s debut on the secondary market, and the Collection of paintings, prints and works on paper nearly tripled its total pre-sale high estimate.
“We are delighted to have achieved extraordinary results for the artwork of John Winters. It’s clear that both new and established art collectors have an avid interest in previously undiscovered artists with great talent, particularly at reasonable price points,” remarked Head of Sale Shannon Jeffers.
Almost 75% of the works by Winters surpassed their pre-sale high estimates with some exceeding expectations even further. Leading the collection was the artist’s Train Platform (Chicago El) (Lot 92), which sparked a lengthy bidding war and ultimately sold for $11,875– the highest price realized in the entire auction and now a new world auction record for the artist.
“I’d spent so many years wanting to do the right thing with our parents’ work, and trying to figure out what that might be,” remarked Diane Winters, daughter of the late artist, “I couldn’t have found a better group to entrust it to than Freeman’s. The encouragement and appreciation I received was every bit as important to me as the money to be gained.”