Artfact Live! Monthly Auction Roundup - Important Sale Results from the Artfact Live! Staff

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Artfact provides key sales results from auctions hosted on Artfact Live! during March. Included in Artfact's monthly auction roundup are sales from Stair Galleries, Cheffins, Alderfer's Auction & Appraisal, Freeman's, Gray's Auctioneers, and Ritchie's Auctioneers.

Artfact, the largest global marketplace of fine and decorative arts, antiques, collectibles, and estate auctions, announces important Artfact Live! online sales from the month of March. All sales and prices have been selected by Artfact's research staff and confirmed by Artfact's premier auction house partners.

Stair Galleries, "Books, Silver, Paintings and Works on Paper" -- March 27, 2009

  • Landscape with Horse-Drawn Wagon

This illegibly signed 1879 oil on canvas painting, with a pre-auction estimate of $300-$500, generated an incredible volume of floor and online bidding. In the end, an Artfact Live! bidder beat out the floor with a lofty $41,000 bid, including buyer's premium. Based on photographs, Jonathan Fairbanks, Artfact's Vice President of Research, believes that the signature on this Russian-style work may be Cyrillic.
http://www.artfact.com/auction-lot/landscape-with-horse-drawn-wagon-3-c-9c7ba6a422
Cheffins, "The Fine Art Sale" -- March 26, 2009

  • Chinese Carved 19th Century Rhinoceros Horn

This rare 19th Century rhino horn, Cheffins' top-selling lot, was claimed by an Artfact Live! bidder for ₤24,000 (USD $35,255). Bidding on this lot seesawed between the floor and Internet, far surpassing the pre-auction estimate of ₤4,000 - ₤6,000 (USD $5880-$8820) and making it one of the top 5 most expensive carved rhino horns ever sold at auction.
http://www.artfact.com/auction-lot/a-chinese-carved-rhino-horn-2-c-c6e3980c4b

Gray's Auctioneers, "Fine Art, Antiques & Decorations" -- March 22, 2009

  • Benjamin Franklin (1706-1790) Signed Vellum Document, Dated May 11, 1786

Selling for $2,000 on Artfact Live!, this land grant issued to Captain Bernard Hubley, a First Lieutenant in the German Regiment, was signed by Franklin while he was President of the Supreme Executive Council of the Commonwealth of Pennsylvania.
http://www.artfact.com/auction-lot/a-benjamin-franklin-1706-1790-signed-vellum-docu-18-c-2318918b85

Alderfer Auction & Appraisal, "Asian Art Auction" -- March 20, 2009

  • Rare Chinese Ivory and Hardwood Table Screen, 18th Century

The rare table screen, mounted in a carved hardwood frame and stand and revealing a finely carved and polychromed scene of rice farmers, was claimed for $11,160 (including buyer's premium) by an Artfact Live! bidder. Overall, Alderfer's auction generated strong online bidding activity, with Artfact Live! generating 24% of the total lots sold.    
http://www.artfact.com/auction-lot/rare-chinese-ivory-and-hardwood-table-screen,-18th-41-c-960ae8c1eb

Freeman's, "Asian Art Sale" -- March 16, 2009

  • Rare and large Chinese Carved Two-Tone Lacquer Foliate Dish, Yuan/Ming Dynasty

From the Yuan/Ming Dynasty, this rare and large lacquer dish, with a starting estimate of $10,000, sold to an Arfact Live! bidder for $12,500 (including buyer's premium). Of barbed foliate form, this dish shows peony sprigs and four birds in flight over a red ground.
http://www.artfact.com/auction-lot/rare-and-large-chinese-carved-two-tone-lacquer-fol-22-c-5958dd31b4

Ritchie's Auctioneers, "Ritchies Select - Rugs, Furniture, Decorative Accessories, Asian Art" -- March 11, 2009

  • Apple Green Glazed Scholar Brushwasher, Qing Dynasty, Qianlong Mark and of the Period 1737-1795

This 18th century glazed brushwasher, sold on Artfact Live! for CAD 12,300 (USD $10,020), represents the highest lot sold for Ritchie's (Canada) during its "Ritchies Select" 3-day sale. Outselling the next highest lot by CAD 2,700, this lot far exceeded its pre-auction estimate of CAD 4,000 - 6,000 (USD $3,260 - $4,890), as bidding aggressively alternated back-and-forth between the floor and Artfact Live!.
http://www.artfact.com/auction-lot/apple-green-glazed-scholar-brushwasher,-qing-dynas-1-c-c74b000272

Other standout sales on Artfact Live! during the past month in which high sell-through volumes were achieved include:

Vectis Auctions, "Specialist Diecast & General Toy Auction" -- March 25, 2009
Vectis netted 312 Artfact Live! sales, totaling almost 50% of the total lots sold.
http://www.artfact.com/catalog/searchLots.cfm?scp=c&catalogRef=JGXC7SUNTA

National Book Auctions, "WWI Posters, Art & Photo Reference, etc" -- March 22, 2009
Artfact Live! produced 42% of all winning bids, equaling 209 lots sold.
http://www.artfact.com/catalog/searchLots.cfm?scp=c&catalogRef=C36N74M9AX

Auction Team Breker, "Photographica & Film Auction" -- March 21, 2009
In this sale, Breker sold 294 lots through Artfact Live!, representing 35% of all lots sold.
http://www.artfact.com/catalog/searchLots.cfm?scp=c&catalogRef=WC4C3MP3YZ

Note: Auction lot details and large lot images are available at http://www.artfact.com with free registration.

About Artfact:
Founded in 1989, Artfact is the largest global marketplace of fine and decorative arts, antiques, collectibles, and estate auctions. On January 1, 2009, Arfact launched Artfact Live!, its proprietary live auction bidding platform, enabling users to bid real time on auctions being held around the world by its prestigious auction house partners. Currently, over 1,000 fine auctioneers actively list their catalogues with Artfact.com and its U.K. sister site Invaluable.com, reaching the Artfact community of more than 10 million knowledgeable collectors and dealers worldwide. Artfact's two websites, Artfact.com and Invaluable.com, now have close to 2 million unique visitors monthly, as verified by Quantcast. Artfact's industry leading database includes more than 50 million complete auction results totaling more than $190 billion in value, including information on more than 500,000 international artists. In 2006, Artfact merged with RFC Systems, the leading provider of enterprise software developed specifically for the fine art and antique auction house industry. RFC helps prestigious auction houses around the world manage their businesses by automating their day-to-day operations.

Editor's Notes:

  • Additional background information available.
  • Interviews with Doug Ellinger, VP Marketing, (617) 219-1082
  • Complimentary media subscriptions to the Artfact database available.

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