Auction Summary: Important Paintings & Contemporary Art

By July 28, 2016News

The first sale of Important Paintings & Contemporary Art under new ownership held last night achieved results that position Mossgreen-Webb’s in first ranked position across the market this winter auction season.

Three works achieved prices over $200,000, a sum not found by any other house over the season, and four works over $100,000, 75% ahead of the nearest industry achievement. Total sales are at $1.5million with a number of works still under negotiation. These results mark a significant shift in company performance under the new governance of Mossgreen and the return of Sophie Coupland as Director of Fine Art. It is clear that the DNA of the old Webb’s business remains strong and that there is a groundswell of support for the success of the business.

The four highest results are:

Charles Frederick Goldie, Kapi Kapi or Ahinata te Rangitautini. Achieved: $360,375.

Frances Hodgkins, Ibiza. Achieved: $246,256.

Frances Hodgkins, River Boats. Achieved: $228,237.

Don Binney, Te Henga. Achieved: $156,162.

A pair of Fiona Pardington photographs sold to an online bidder for $32,433, well above their estimate of $10,000 to $15,000. Works by international artists fared well with an abstract painting by modern British artist, John Hoyland, selling for $52,875 to an international buyer. Other highlights include Colin McCahon’s Muriwai, selling for $55,257. New record prices at auction for Adele Younghusband and James Robinson were also achieved.