As the collection was disassembled, the Blixseth story created a buzz in the auction house and the lack of reserves provided more buyer competition.
Philadelphia, PA (PRWEB) November 27, 2009
On Saturday, November 21st, Kamelot Auction House, one of Philadelphia’s premier auction companies, was swarming with eager buyers from around the country who waited anxiously for the opening of the no-reserve sale of eclectic furnishings from the posh Yellowstone Club. The bank-forced auction, which took place at Kamelot’s 15,000 square-foot auction house, was the result of the highly-publicized 2009 divorce and subsequent bankruptcy of the real estate developer and interior designer Edra Blixseth.
Saturday’s auction yielded Kamelot’s largest crowd to date, veteran bidders shoulder to shoulder with curious first-timers, and showcased architectural antiques and collectibles, many of which were ultimately sold at bargain prices. Yet competition flared up throughout the day. Dozens of rugs, presumably walked on by Yellowstone Club members such as Jack Kemp, Greg LeMond, Dan Quayle and Bill Gates, sold for over ten times their estimated value (up to $3,000). Yet, several antique French sideboards valued at nearly thirty-thousand dollars each were sold at bargain-basement prices ($12,240 pair). A pair of life-size monumental cast bronze elk sold for over ten-thousand dollars while a similar pair of life-size bronze horses and riders went for nearly five-thousand dollars. Other highlights of the sale included a rare American walnut griffin fireplace mantle attributed to Daniel Pabst of Philadelphia circa 1875, which went to a lucky bidder for over five thousand dollars.
“The Yellowstone-Collection sale offered our customers a unique opportunity to collect rare pieces without the limitations of a minimum bid,” said Jeff Kamal, President and CEO of Kamelot Auction House. “As the collection was disassembled, the Blixseth story created a buzz in the auction house and the lack of reserves provided more buyer competition. It was obvious that our customers had a great time and walked away with elaborately crafted furnishings from around the world to show for it,” he continued.
“This was my first auction, and the fact that the event featured Yellowstone’s former furnishings added an extra element of excitement but over all I couldn’t believe how many affordable things were available,” said Karen McKinney, home enhancement specialist and former Jack Kellmer Company manager. “Kamelot created a very comfortable experience; I’ll definitely be back.”
Kamelot offers clients a full-range of auction and appraisal services and is able to support individual consigners, banks, law firms, museums, corporations and estate executors. The company hosts auction-events every other month. In fact, each spring, the Philadelphia auction company hosts the largest annual architectural antiques and garden furnishings auction in the country—scheduled for April 2010. The partners and experts at Kamelot bring integrity, enthusiasm, and an unsurpassed level of personal service to their clients, whether it is just one valuable item or an entire estate with many disposal requirements.
A complete catalogue of the Yellowstone-Collection including photo galleries and detailed descriptions of every lot is currently available at http://www.kamelotauctions.com. For more information about this sale, or to inquire about how to participate in an upcoming event call 215-438-6990.
Media may contact Kamelot Auction House publicist Kristi Hughes at 215-816-2954 for more information.
About Kamelot Auction House
Founded in 2004, Kamelot offers clients a full-range of auction and appraisal services. The partners and experts at Kamelot bring integrity, enthusiasm, and an unsurpassed level of personal service to their clients, whether it is just one valuable item or an entire estate with many disposable requirements. Our Trusts & Estates Department gives complete support to banks, law firms, museums, corporations, and estate executors needing to liquidate all or part of an estate or holding in the most efficient and profitable manner. Kamelot attracts clients throughout the United States and from around the world ranging from private collectors and homeowners to interior designers and antique dealers. Estate auctions feature the finest in English, American, Continental, and Asian Furniture and Decorative Art; Fine Art; Jewelry; Silver; and Rugs.
Located in Philadelphia, PA, Kamelot Auctions' home is in the historic Atwater-Kent Building, occupying more than 15,000 square feet. There is an abundance of free parking and major highway access steps from the parking lot. For more information or directions visit http://www.kamelotauctions.com.