Sold for $10,386,500
Tennis at Newport, 1920
Sold for $7,026,500
May 18, 2012, source: Sotheby’s
The auction was led by Edward Hopper’s "Bridle Path", which was on offer from the San Francisco Museum of Modern Art and sold to benefit the acquisitions program. Four bidders in the room competed for the canvas – the first oil painting by Hopper to come to auction since Sotheby’s record sale of Hotel Window in 2006 – and drove the final price to a remarkable $10,386,500.
Also highlighting today’s results was George Bellows’s 1920 canvas "Tennis at Newport" that sold for $7,026,500, meeting its high estimate. Sotheby’s now holds the top five auction prices for Bellows, of which this is the second.
In addition to the Hopper and Bellows pictures, strong results were achieved this morning by Western paintings. Frederic Remington’s "A Halt in the Wilderness" from 1905 fetched the top price in the genre with $2,770,500, more than double its $1.2 million high estimate. Childe Hassam’s Impressionist picture "In the Sun brought" $1,986,500
“The market for American art showed many signs of strength and confidence this week, and we are thrilled with the results achieved today at Sotheby’s,” commented Elizabeth Goldberg, Head of Sotheby’s American Art department.