Loie Hollowell painting sells for record $1M+ at Clars
OAKLAND, Calif. – Clars Auction Gallery‘s March 25 Modern + Contemporary Art + Design sale set a new United States auction record for the work of artist Loie Hollowell (American, b. 1983-). Point of Entry (Blood-Orange Moon Over Orange Sac) achieved $1,050,000 against an estimate of $400,000-$600,000.
Skyrocketing demand for the New York based artist’s sensuous abstractions was apparent, with bidders from around the world vying for this lot, which needed only seconds to surpass its estimate. CEO and Director of Fine Art at Clars Rick Unruh said, “Clars showed the global art world that when one has an exceptional Contemporary piece, such as our Loie Hollowell, they (the bidders) will come – and they did.”
Another fine art highlight from the sale was a drawing by Pablo Picasso (Spanish, 1881-1973) titled Etudes VII (d’apres Manet), from 1961. Being well-documented in the artist’s catalog raisonne, this lot drew multiple international bidders before selling for an impressive $150,000.
Also faring well, and selling substantially above its $50,000-$70,000 estimate, was a double-sided oil on canvas by Maria-Mela Muter (Polish/French, 1876-1967) titled Fishing Town with Women on Beach / Seascape with Trees, which realized $106,250. Unruh said, “These were both precious possessions from owners in an affluent retirement community in San Francisco. We were pleased, as well as honored, to find new homes for these important works of art.”
Design also featured prominently in the auction, with numbers bidders driving the price on a George Nakashima cabinet up to $62,500. Clars’s Associate Director of 20th Century Design Cristina Campion said, “The sales result for this cabinet from 1971 is really indicative that there’s an strong international market for master American woodworkers of the 20th century on the global stage.”
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