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Freeman's Modern & Contemporary Sale a Success
Philadelphia, Pa) - November 6, 2012 - Freeman's Modern & Contemporary auction on Sunday, November 4 more than weathered the storm. Sales overall were strong, with pieces fresh to the market by international artists commanding top dollar.
The standing-room only saleroom was crowded with paddles as local clients competed with numerous phone and internet bidders from around the world. Spirited bidding erupted over many key lots, including Richard Pousette-Dart's Untitled painting from Strata Series, which commanded $302,500, and Clement Meadmore's bronze sculpture, Cross Current, which brought $98,500. Another top lot was Tonal Sculpture in beryllium copper by Harry Bertoia, which realized $40,625.
Especially keen was interest in Philip Guston drawings formerly in the collection of the artist's friend H.W. Janson, who, notably, was the author of the seminal art history survey entitled History of Art. Competition was especially fierce among phone bidders for Study for Gladiators and Untitled (Forio Landscape), lots 101 and 102, quickly driving the price many times beyond the pre-sale estimate to $21,250 and $40,625, respectively.
In spite of an exhibition week that was marked by hurricane Sandy's arrival, the sale was 84% sold by lot, and 91% by dollar, an enviable result in any circumstance. The auction featured privately held works by artists of international repute, as well as those of local acclaim. Once again, our dual emphasis on important Philadelphia artists and collections and those of world stature proved a winning strategy.