New Orleans Auction Galleries’ first sale at new location tops $2M

NEW ORLEANS – On March 20-22, New Orleans Auction Galleries realized over $2.4 million in a three-day estates auction. The new gallery, located just blocks from the company’s previous space, was officially unveiled at a highly anticipated evening preview reception on March 19.

LiveAuctioneers.com provided Internet live bidding.

“This was a landmark sale that sets the stage for a year of growth and success, thanks in part to our spectacular new facilities. Our St. Joseph Street location enables us to streamline our operations and entertain clients in a premier venue,” said Susan Sarofim, CEO of New Orleans Auction Galleries.

The three-day sale featured the contents of Glenridge Hall, a sprawling estate in Sandy Springs, Georgia, that was built by Atlanta-area businessman and philanthropist, Thomas K. Glenn, and his wife, Elizabeth Ewing.

Sale highlights from Glenridge Hall included a fine Edwardian chinoiserie-decorated satinwood breakfront that soared to $39,360 against a $3,000 to $5,000 estimate.

The personal library of New Orleans printer and noted antiquarian William Pfaff also garnered tremendous interest from collectors. Highlights from this important collection were a first edition Poor Richard’s Almanac for 1756 by Benjamin Franklin that soared to $11,377 against a $3,000 to $5,000 estimate.

Sunday began with an impressive selection of jewelry that realized high prices and sold to bidders in the room, on the phones and to the Internet. A stunning 18K white gold, sapphire and diamond ring with a central cushion-cut sapphire with an approximate weight of 9.35 carats sold to a phone bidder for $49,200.