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Freeman s sale demonstrates successes in American material
Ralph Cahoon (1910-1982), Washed Ashore. Sold for $32,760. Seaside scene achieves almost three times its pre-sale high estimate.
PHILADELPHIA, PA
.-Freemans announced the results of its April 27 American Furniture, Folk and Decorative Arts auction, which confirms Freemans place as a market leader for objects significant to American history. The 287-lot auction achieved an 82% sell-through rate. The auctions top lot, Washed Ashore by Ralph Cahoon (1910-1982), a playful Massachusetts beach scene, sold for $32,760.
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From the marble bust of George Washington to the Philadelphia Mourning items and Elm Treaty box, the results of this auction clearly show that Freemans excels in the realm of historical material, said Lynda Cain, Head of the American Furniture, Folk and Decorative Arts department. History sells, and its something we do exceptionally well.
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The collectors Peter and Jill Kraus in their apartment with Pope.L s Sunny Day White Power. Speculative buyers are flocking to crypto art while blue-chip collectors are holding back, fearing legal gray areas and copyright issues. Via Peter Krauss via The New York Times.
by Zachary Small
(NYT NEWS SERVICE)
.- A handful of auctions this month testing the appetite for a type of investment known as NFTs seemed likely to prolong the nascent fad for ownership of works that exist only in the digital world. Missing from those transactions, however, were the blue-chip collectors who typically drive the art markets sales. Industry experts have observed a growing wedge between a new generation of digital speculators and an older school of art collectors who say their concerns about the quality, ownership and authenticity of NFTs have gone unresolved, even as their fears of legal challenges grow. More than a dozen collectors interviewed for this