Inaugural Keno sale sets records, grosses $5.8M

NEW YORK — The inaugural sale from Keno Auctions, which took place May 1-2 at the Marriott Stamford Hotel in Connecticut, achieved $5,818,460 in sales, more its pre-sale high estimate of $2.8 to $5.4 million. The auction had 87.5 percent of the 741 lots finding buyers, and it established three world sales records.

Keno Auctions’ president Leigh Keno announced on May 5 that post-sale activity brought the total sold to $6,014,000.

Topping the sale was The James Beekman Chippendale carved mahogany chest of drawers from the shop of Thomas Brookman with carving attributed to Henry Hardcastle, New York, circa 1752. The lot incited a bidding war between dealer Todd Prickett, on the phone, and noted American collector John McGraw, who was in the room. McGraw prevailed, winning the chest with a final bid (including buyer’s premium) of $1,428,000, more than twice the high end of its $200,000 to $600,000 estimate, and setting a world record for a piece of New York furniture.

An exceptional, record-breaking price also was achieved for the portrait of Anna Brodhead Oliver, attributed to Gansevoort Limner, Kingston, N.Y., circa 1743 (estimate $40,000-$80,000). Bidding started at $50,000 and rapidly surpassed expectations, finally selling for $1,118,600, establishing the record for an 18th century American Folk portrait. A third milestone was attained when a pair of American silver rococo sauceboats by Paul Revere Jr., Boston, circa 1783 (estimate $50,000 to $100,000) sold for $190,400, setting the record for a pair of American silver sauceboats.

Keno Auctions’ next Americana auction is scheduled for January 2011 in New York. Keno Auctions was founded in 2009 by Leigh Keno. Leigh’s lectures appear regularly as an appraiser on PBS’s “Antiques Roadshow.” ?

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Watch Keno Auctions’ Inaugural Sale Videos


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