Tom Thomson oil sketch fetches $973,500 at auction

James Adams. Globe and Mail Update. Nov. 24, 2009.

Sale of Winter Morning a highlight as fall art auction season kicks off in Toronto

Things appear to be looking up for the Canadian art auction world if Tuesday night’s sale by Joyner Waddington’s Auctioneers and Appraisers is any indication.

Admittedly, the Joyner sale, which saw about 198 lots (out of 269) sell for about $4.6-million (including the 18 per cent buyer’s premium), was hardly a mind-blower relative to some of the results that Canadian auction houses realized as little as two years ago. But the bidding was occasionally spirited, the winning bids robust and quite a few works exceeded their pre-sale estimates. While the resale market, with some exceptions, underwent a softening last fall, Joyner vice-president Rob Cowldy said: “After what happened tonight, I’m very optimistic going forward.”

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SOURCE:

http://www.theglobeandmail.com/news/arts/tom-thomson-oil-sketch-fetches-973500-at-auction/article1376441/

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About Art Collecting and Investment

Providing news about art collectors, collections and investments. Including the how to's, the why's and the where's of art collecting. Wanda Pepin, Christina Madden and Elaine Frenett are all professional artists who keep up on the world of art, while creating amazing works of art themselves.
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