The 40th annual Coeur d’Alene Art Auction yields strong attendance and $22 million in total sales.
The state of the Western art market continues to prove steady as the 40th annual Coeur d’Alene Art Auction, held July 26 in Reno, Nevada, had robust bidding throughout the day, leading to more than $22 million in sales and 96 percent of lots sold. The auction had three classic Western works land over the $1 million mark and dozens of others over six figures, signaling the continued interest in art from the tried-and-true masters.
Auction partner Mike Overby says, “We were thrilled with outcome of the auction. Especially the number of new bidders. This was our strongest sale in 10 years. We’re seeing continued strength in the Western Art Market and are looking forward to our next auction in November.”
Maynard Dixon’s 1942 oil painting OPEN RANGE (est. $800,000-$1.2 million) was the top lot at $2.015 million, while works by Charles M. Russell continued to show their dominance at auction across mediums. Eight of his paintings sold in the six-figure range with an impressive, combined total of more than $4.5 million. Landing as No. 2 and No. 3 in the top selling lots were the gouache and watercolor on paper ROPING A WOLF, circa 1918, which sold for $1.325 million, and the 1897 oil painting THE TENDERFOOT at $1.089 million. Also notable from Russell was his work THE CHASE, which sold above its high estimate of $250,000 to achieve $423,5000.
Works by members of the Taos Society of Artists have been popular at auction for several years, with this sale proving no different. Nicolai Fechin was represented in the auction by two portrait including NINA, which sold within estimate at $181,500. E. Martin Henngings’s gorgeous work RIDING THROUGH THE ASPENS also landed in its presale estimate range at $393,250. Among a selection of works by Joseph Henry Sharp, TALES OF THE WARBONNET (est. $300,000-$500,000) was the highest earning work at $423,500. Walter Ufer’s THE WASHERWOMAN also was notable, earning $217,800 against an estimate of $200,000 to $300,000.
An array of top-tier landscapes also hit the market with paintings by Thomas Moran and Edgar Payne being among the highest earning of the auction. Moran’s COAST OF MONTEREY, CALIFORNIA (est. $400,000-$600,000) landed at $423,500, while THE TOPMOST SIERRA, a work from around 1921 by Payne, came in at $332,750—a price just above its low estimate of $300,000.
Native American artist Oscar Howe, whose works are rare to auction, was represented by four paintings in the sale. His dynamic, modernist DANCER sold for $229,900 to best its $100,000 to $150,000 estimate, and the 1966 DAWN RIDER (est. $150,000-$250,000) sold for $181,500.
Other standouts from the sale included Philip R. Goodwin’s AN INTERRUPTED DUEL (est. $150,000-$250,000) at $363,000; N.C. Wyeth’s THE FIGHT IN THE PEAKS, from around 1917, which landed in estimate also at $363,000; and Howard Terpning’s 1990 painting CHASED BY THE DEVIL, which sold above its presale estimate of $400,000 to $600,000, at $726,000.
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