Debt crisis does nothing to slow down New Orleans auction action


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In the midst of the government’s debt crisis deliberations, New Orleans Auction Galleries hosted one of its most successful sales to date, showing signs of strength in the luxury and auction markets. New Orleans Auction Galleries’ Summer Estates Auction, July 30-31, 2011, brought in strong prices from bidders around the world. The Summer Estates lots, which were on public display in the Magazine Street gallery for two weeks prior to the auction, featured a plethora of pieces including fine arts, antique furniture, Asian porcelain, jewelry, silver, glass and books.

An elaborate Chinese carved coral group brought $67,650, far surpassing the pre-auction estimate of $3,000 to $5,000. Other notable sales in the category included a colorful Chinese Famille Rose porcelain plaque set in a custom wooden frame and stand hammered for an astounding $67,650, and a Mughal-style jade handled dagger which sold for $34,440 following ten minutes of bidding.

dali jewels

Pieces from local artists brought in some of the weekend’s highest numbers. The weekend’s highest selling lot was a recently discovered canvas oil painting from Louisiana artist Helen Turner (1858-1958). The painting was sold to a private collector for $92,250 after an intense bidding war. An abstract oil on board by New Orleans artist Ida Kohlmeyer (1912-1997) fetched $18,450.

Other highlights from the sale include: 

  • a fine George III sterling silver cup with dramatic entwined serpent handles by Daniel Smith and Robert Sharp (London, 1774-1775) which sold for $19,680
  • an ornate Persian Serapi patterned carpet, measuring 16 feet by 25 feet, sold for $22,140.
  • a rare and unusual Salvador Dali “Tree of Life” 18 karat gold necklace from 1941 sold to a collector for $34,440.

New Orleans Auction Galleries, Inc. will be hosting its next sale on Oct. 1-2, 2011. Consignments for the sale will be accepted through Friday, Sept. 2, 2011.

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