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Georgia O Keeffe s
Green Oak Leaves (ca. 1923) was the star lot of the Newark Museum s sale. Courtesy of Sotheby s.
The Newark Museum of Art today sold off a slate of works at Sotheby’s, despite considerable objections from experts and scholars, to bring in $5.9 million into the institution.
Of the 11 works on offer at the auction of American art in New York, one was unsold, two sold for under estimate, and the remaining eight exceeded their presale expectations.
The highest price paid was $1.2 million for Georgia O’Keeffe’s
Green Oak Leaves (1923), which had an irrevocable bid and was estimated at $500,000 to $700,000.
A handful of U.S. museums sent collection artworks to the auction block at a Sotheby's American art sale that totalled $15 million on Wednesday. Women artists in the sale including Mary Cassatt, Georgia O'Keeffe, Grandma Moses and Gertude Abercrombie brought big prices for some small-sized works overall. Although some of the sales could be earmarked to fund new acquisitions, the sell-off from public institutions falls within a two-year period in which museum association guidelines .
Sale of Museum Paintings Helps Conclude Strong Auction Season
The deaccessioning of 15 works by museums, including an important Thomas Cole painting, helped raise Sotheby’s total art sales over the last week to more than $715 million.
Thomas Cole’s “The Arch of Nero” (1846) was auctioned at Sotheby’s for the Newark Museum of Art on Wednesday. Historians had campaigned against the museum’s deaccessioning.Credit.via Sotheby s
By Zachary Small
May 19, 2021, 2:37 p.m. ET
Fifteen objects from cultural institutions passed through Sotheby’s at auction on Wednesday, showing that the debate among museum and industry leaders over deaccessioning hasn’t stopped these sales from occurring.
N.J.’s largest museum set to reopen over a year after COVID shuttering
Updated May 14, 2021;
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After being closed for over a year due to the coronavirus pandemic, the newly-renamed Newark Museum of Art will reopen to the public next month.
New Jersey’s largest museum will reopen on June 3, with members getting early access every mornin from 10 to 11 a.m., museum officials announced Friday. Regular gallery hours will be Thursday to Sunday from 10 a.m.-5 p.m.
Admission to the museum, formerly known as the Newark Museum, will be on a discounted basis through the end of the year and members and Newark residents are admitted free, according to a statement from the museum.