Clars Modern Art Sale Sets Record for Loie Hollowell
Auction in Oakland, California.
OAKLAND, CA. – On Friday, March 25, the Clars Auction Gallery set a new record for Loie Hollowell (American, b. 1983), when “Point of Entry (Blood-Orange Moon Over Orange Sac)”, a mixed media work measuring 48 inches on 36 $1,050,000 from a buyer in the United States who was a new client for Clars. The price was not only the artist’s highest price achieved in a sale in the United States (the current overall record for Hollowell stands at $2,126,095 for “Linked Lingams [yellow, green, blue, purple, pink]’, taking place in June 2021 in Hong Kong), but it was the first batch of Clars’ 50-year history that exceeded the million dollar mark. It was by far the best lot of 1,579 lots of modern and contemporary art, design, furniture, decorative art and Asian art, art and jewelry offered from March 25-27; the three-day tally of sales was around $3 million, a total that ranks among the top three in company history and the highest sale since the company changed hands in 2019 .
Rick Unruh, Managing Director and Director of Fine Art at Clars, said: “Clars has shown the global art world that when you have an exceptional, contemporary piece, like our Loie Hollowell, they (the bidders) will come – and they did. We pulled out all the stops with marketing, even marketed it in Asian newspapers to reach the Hong Kong market. We had interested customers from all over the world. Many bidders were new for Clarks.
The second highest price in the sale at $150,000 was a rare drawing by Pablo Picasso (Spanish, 1881-1973) titled “Etudes VII (after Manet)” from 1961. Well documented in the catalog raisonné of the artist, the lot had several international bidders but eventually sold to a buyer in San Francisco. Rounding out the top three at $106,250 was the two-sided oil on canvas titled “Fishing Town with Women on Beach/Seascape with Trees” by Maria-Mela Muter (French Polish, 1876-1967). It received serious international attention, including from Poland and Israel, and was sold to a buyer in Poland.
Works by iconic artists such as Roy Lichtenstein, David Hockney, Wayne Thiebaud, Salvador Dali, Sol Lewitt and Richard Diebenkorn dotted the sale and brought strong results as well. Roy Lichtenstein’s 1965 “Shipboard Girl” offset lithograph, which fetched $53,125, is an improvement on the $20,000 hammer price paid by the Napa Valley, Calif. seller when he sold it. acquired from Clars in 2013. The Litchtenstein seller also sold a portfolio of 39 prints – etchings, aquatints, drypoints and soft varnish etchings – by British artist David Hockney (b. 1937), who almost doubled its low estimate to close at $34,925. “Six Fairy Tales from the Brothers Grimm” was acquired at Sotheby’s New York in 2011 for $8,125.
Cristina Campion, associate director of 20th century design at Clars, was delighted with the international response to the works of American master carpenters, such as George Nakashima and Vladimir Kagan. A 1971 Nakashima wall cabinet that retained its original George Nakashima studio work card peaked at $62,500, more than double its high estimate, and sold to an international buyer bidding over the phone. A circa 1999 Vladimir Kagan collection contour rocking chair came from Dennis Miller Associates of New York and found a new home with an online bidder for $16,900, more than three times its high estimate.
Another favorite among bidders was Danish designer Hans Wegner, who was represented in the sale with six lots. Topping the $17,500 bunch was a Valet Chair, followed by a Papa Bear Lounger which fetched $13,700.
The Clars Auction Gallery will sell Asian art, jewelry, furniture, decorative art and fine art on April 24, and jewelry and watches on May 5.
Prices shown include the buyer’s premium as reported by the auction house. For information, www.clars.com or 510-422-0940.
Easily surpassing its estimate of $400/600,000, “Point of Entry (Blood-Orange Moon Over Orange Sac)” by Loie Hollowell (American), a 2017 multimedia work that garnered worldwide attention but sold at a new US client for Clars for $1,050,000. It was the first time that one of Hollowell’s works has fetched so much money at a sale in the United States and is also the first work sold by the auction house to fetch more than a million. of dollars.
“Works by female artists are doing much better,” said Rick Unruh. “Fishing Town with Women on Beach” and “Seascape with Trees”, a double-sided oil on canvas by Maria-Mela Muter realized $106,250 from a buyer in Poland ($50/70,000).
An international buyer prevailed against other international competitions to win “Studies VII (after Manet)”, a graphite drawing by Pablo Picasso (1881-1973) at $150,000. It had extensive publication and provenance ($100/150,000).
International bidders have joined the fray for this hanging cabinet that was made in 1971 by George Nakashima. It sold to one of them, bidding over the phone, for $62,500 ($20/$30,000).
The seller of Roy Lichtenstein’s “Shipboard Girl” acquired it from Clars in 2013 for a hammer price of $20,000. They made a profit as he made $63,125 ($42,500 hammer price) in this sale ($40/$60,000).
The seller of David Hockney’s 1970 “Six Grimm’s Fairy Tales” portfolio of 39 prints paid $8,125 for it when he acquired it from Sotheby’s New York in 2011. Its value has more than quadrupled, making $34,925 at Clars ($18/$24,000). ).
A Palo Alto, California collector paid $34,925 for “Castel Mola,” a 1932 lithograph by MC Escher ($10/$15,000).
“The sinuous lines of this chair are all the rage in furniture and design,” said Cristina Campion, Associate Director of Twentieth Century Design at Clars. Online interest in the coin was strong, and it sold to an online bidder for $16,900 ($3/$5,000).