Milford, CT, USA, November 12, 2022 — Quality, fresh-to-market offerings achieved notable results in Shannon’s October 27th Fall Auction. The 179-lot sale sold over 85 percent and grossed over $3.75 million, continuing a trend of strong results and high sell-through rates at Shannon’s.
Leading the sale was a 1963 painting by Monhegan artist Lynne Mapp Drexler. Drexler’s prices have skyrocketed in recent years and the team at Shannon’s had the knowledge to offer this painting at the most advantageous time for their client. Untitled from 1963 sold for $450,000 after lively online and phone participation.
A painting by Scott Kahn who, like Drexler, has recently benefited from market enthusiasm, sold for $212,500. Shannon’s reports global bidding on the painting titled The Woods from over six countries and multiple states.
Other notable sales in the Contemporary category include an untitled work on paper by Bob Thompson, from 1963, which sold for $55,000; a surrealist landscape by John Atherton, titled Back Yard, which sold for $55,000; an Italian painting of two women by Massimo Campigli, which sold for $50,000; and a work on paper by Michael Goldberg, which sold for $37,500.
Shannon’s has positioned itself as a leading outlet for quality American art from all periods. This most recent auction is proof of its success in the American art market. Shannon’s accepts consignments year-round. To inquire about a possible consignment, or to sign up for their mailing list, please visit shannons.com.