Market Update - American Art
Winston Art Group Senior American Art Specialist, John Tatlock, provides an overview on the collecting market
 
 
 
American art includes paintings, drawings, watercolors, gouaches, and pastels dating from the 18th century through the first half of the 20th century with a range of genres, such as portraiture, landscape, still life, genre painting, Western art, marine art, impressionism, regionalism, social realism, modernism, and illustration. Though artists in this genre are all generally born before 1910, certain areas such as the American Western art market allow for younger members that work within its defined artistic theme.

The American art market faced challenges 2008-2011. While the top end held strong, the middle market underperformed, either failing to find buyers, or attracting only opportunistic bidders. From 2013 through today, exuberant prices have existed in all levels of the American art market, due to the recovering economy and a resulting increased interest in art as an investment. 
 
 
Hugh Bolton Jones (1848 - 1927)
Spring Landscape
Sold by Winston Art Group at auction on behalf of a private client
 
 
Market conditions for blue-chip material: STRONG
The sale of American art is dictated by the stature of the artist, the period in which he or she was working, the work's subject matter, and the rarity or context within the artist's oeuvre. An interest in Modern Masters such as Oscar Bluemner (1867-1938), Marsden Hartley (1877-1943), and Stuart Davis (1892-1964) remains at an all-time high, as well as the blue chip illustration artist, Norman Rockwell, whose works outperformed expectations at recent New York auctions. 

Market conditions for mid-level material: STRONG        
The Western art sector remains selective in the middle market, but prices at the top end of the American art market for works by Albert Bierstadt (1830-1902), Nicolai Fechin (1881-1955), and Leon Gaspard (1882-1964), remain high as rarity increases. The growth of this market has also remained relatively steady since 2008 as the economy strengthens. It has strengthened to the point of cultivating its own niche of auction sales and collecting base. Classic Western artists like Charles Marion Russell (1865-1926), Frederic Remington (1861-1909) and the Taos Society artists hold their own with new Western artists, such as Howard Terpning (b. 1927), Frank McCarthy (1924-2002), and Clark Hulings (1922-2011). 
 
 
N.C. Wyeth (1882 - 1945)
Farmer in a Field (1911)
To be sold by Winston Art Group at auction on behalf of a private client in Fall 2016

J.C. Leyendecker (1874 - 1951)
Painting for the Christmas Eve cover of The Saturday Evening Post, 1927
Sold by Winston Art Group at auction on behalf of a private client 
Estimate: $100,000-$150,000
Sold for: $173,000
 
 
Winston Art Group is the leading independent art appraisal and advisory firm. Independent of any auction house or dealer, Winston Art Group specializes in confidential and objective appraisal services for all purposes, including...
  • Art as collateral for loan purposes
  • Insurance coverage
  • Damage or loss in value
  • Estate tax and estate planning
  • Donation
  • Family division  ​

Additionally, Winston Art Group offers comprehensive art advisory services. For clients wishing to acquire works of art, Winston Art Group conducts targeted worldwide searches for all works of art, provides advice on condition, price, authenticity and quality, negotiates with dealers, represents clients at auction, and conducts title and lien searches. 

For clients looking to sell works of art, Winston Art Group solicits proposals from primary market, secondary market and private sources, negotiates the most advantageous financial and marketing packages, analyzes sales options, grants access to preferential terms at auction, and provides a single point of contact for all transactions. 

 
 
 
 
For more information about Winston Art Group, please contact Claire Brown

CONTACT  |  cbrown@winstonartgroup.com  |  212.542.5755
 
 
 
 
 
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