Palm Beach Modern's June 2 Modern Art & Design Auction Tops $1.7M, led by $70,400 Sculpture From Prestigious Coral Gables Art Trust

WEST PALM BEACH, Fla., July 2, 2018 /PRNewswire/ -- The staff at Palm Beach Modern Auctions (PBMA) greeted a large and extremely motivated contingent of bidders at its June 2 Spring Modern Art & Design sale, and not surprisingly so. The attraction was one of the company's finest-ever assemblages of modern and contemporary art, furniture and fine jewelry from consignors in Palm Beach and other upscale Florida communities, as well as the Hamptons and New York City. The 537-lot auction realized $1,725,000.

The market's insatiable demand for quality art and furniture by bankable artists, especially if accompanied by prestigious provenance, was evident throughout the event. "Fine collections, in particular, were the drawcards, and in several instances those collections were 100 percent sold," said PBMA partner and auctioneer Rico Baca. One such case was the exclusive art consignment from The Norman S. Jaffe Art Trust of Coral Gables, Florida, which produced the auction's top lot: a Deborah Kay Butterfield (American, b. 1949-) metal sculpture of a horse. It sped past its $25,000-$35,000 estimate to a $70,400 finish.

Also from the Jaffe Art Trust, a thought-provoking Lynn Chadwick (British, 1914-2003) bronze sculpture titled RAD LAD II, artist-signed and noted as edition 3/3, sold online for $30,720.

Another collection that sold in its entirety was the 15-lot offering of Karl Springer furniture and designs from a Palm Beach residence. It included several pieces with the enticing provenance of having been purchased originally from the Karl Springer showroom. A 1983 modernist bronze of a baboon sculpted by Springer's life partner Roberto Estevez, artist-signed and edition 4/6, defied its $2,000-$4,000 estimate in reaching $19,200.

The lot attracting the most active bidding, including challengers on nine phone lines, was a signed Karel Maes (Belgian, 1900-1974) painting created in 1928 and titled COMPOSITIE. Visionary in its approach, it might easily have been mistaken for a premier mid-century work. Estimated at $3,500-$5,500, this crowd-pleaser from the Art Deco period achieved far more, settling at $25,600. A Joseph Beuys (1921-1986) mixed-media screenprint on chalkboard achieved $21,750 against an estimate of $5,000-$10,000.

PBMA's largest offering of Pablo Picasso (Spanish, 1881-1973) pottery to date was on the minds of many bidders, as was a collection of Beatrice Wood ceramics, which was 100% sold. A Picasso "Chouette Femme" vessel – 11.25 inches high, from an edition of 500 – commanded $19,200 against an estimate of $12,000-$15,000.

A rare 1971 Paul Evans Studio for Directional mid-century modern Skyline dining table and set of eight chairs crossed the auction block as two consecutive lots. The table sold within estimate for $10,880; while the chairs ignited a bidding war that finally ended with a winning bid of $48,640, which was just shy of its $50,000 high estimate. A Paul Evans faceted cabinet of burlwood, lacquered fiberglass and glass closed its sculptural double doors at $29,440.

Both a collection of T.H. Robsjohn-Gibbings furniture designed for Saridis, and a collection of Saridis furniture and marble sent to PBMA from Greece were 100% sold. A Robsjohn-Gibbings cabinet cataloged with a $6,000-$8,000 estimate ended its impressive bidding run at $17,280.

Other above-high-estimate highlights included a pair of rare Max Ingrand for Fontana Arte floor lamps, $30,720; a Gio Ponti for Singer & Sons sofa, $11,520; a Philip and Kelvin LaVerne Chin Yin coffee table, $16,640; and a Frank Lloyd Wright sectional sofa, $12,800. Also, a select Palm Beach collection of luxury timepieces was completely sold.

To contact Palm Beach Modern Auctions, call 561-586-5500; email [email protected]. Online: www.modernauctions.com

Media Contact:
Wade Terwilliger
561-586-5500

SOURCE Palm Beach Modern Auctions

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