RECORD-BREAKING RESULTS AND AN EXCEPTIONAL SINGLE-OWNER COLLECTION STEAL THE SHOW IN RAGO’S $5M JANUARY DESIGN AUCTION

Lambertville, NJ: Rago Arts and Auction Center’s January Design Auction saw the sale of $5,023,831 in property over the weekend of January 21-22. The auction’s top lot, a unique and highly important cabinet by Paul Evans, sold for $382,000, setting a new auction record for the Delaware Valley Modernist. Also of note, the single owner sale “The Collection of Dr. Martin Eidelberg” which enjoyed a sell-through rate of 91%. Overall, the weekend’s auctions saw a sell-through rate of 85% and broke the aggregate high estimate with over 2,000 active bidders from around the world participating.

“This was the first sale since the November elections, so leaping to conclusions may be premature,” says David Rago, “That said, although art is unique, it generally follows the same trends as other assets. Right now, it appears that political and economic uncertainty has been trumped by the prospect of financial gain, which is good – at least for the art market and the people who participate in it.”

Lot 1000 Paul Evans Sold for: $382,000

Other noteworthy lots included; lot 10, an exceptional ribbon-handled vase by George Ohr which sold for $87,500; lot 1001, a Sculptured Metal wall-hanging cabinet by Paul Evans that sold for $112,500; lot 2099, a rare Murrine a Dama vase by Paolo Venini which achieved a sale price of $46,875; and lot 1206, a large Sonambient sculpture by Harry Bertoia which sold for $56,250 against an estimate of $25,000 – 35,000.

The Collection of Dr. Martin Eidelberg Highlighted Lots

Lot 10 George Ohr Sold for: $87,500
Lot 10
George Ohr
Sold for: $87,500
Lot 26 Adelaïde Robineau Sold for: $46,875
Lot 26
Adelaïde Robineau
Sold for: $46,875
Lot 1 Ruth Erickson; Grueby Sold for: $40,625
Lot 1
Ruth Erickson; Grueby
Sold for: $40,625

Early 20th C. Design Highlighted Lots

Lot 320 Tiffany Studios Sold for: $26,250
Lot 320 Tiffany Studios Sold for: $26,250
Lot 108 George Ohr Sold for: $20,000
Lot 108
George Ohr
Sold for: $20,000
Lot 315 Tiffany Studios Sold for: $20,000
Lot 315
Tiffany Studios
Sold for: $20,000
Lot 101 George Ohr Sold for: $18,750
Lot 101
George Ohr
Sold for: $18,750
Lot 175 Clewell Sold for: $16,250
Lot 175
Clewell
Sold for: $16,250
Lot 228a Karl Kipp; Roycroft Sold for: $15,000
Lot 228a
Karl Kipp; Roycroft
Sold for: $15,000

Weekend Total Hammer: $4,023,465
Hammer + buyer’s premium: $5,023,831
Low Estimate: $3,553,750
High Estimate: $5,004,750
Bidders in house: 81
Bidders on phone: 255
Absentee Bidders: 97
Number of lots: 1,046
Percent Sold: 85%
Online bidders: 1,570 from United States, Canada, Venezuela, United Kingdom, France, Germany, Italy, Switzerland, Netherlands, Belgium, Hungary, Austria, Finland, Norway, Denmark, Sweden, Russia, Israel, Kuwait, Japan, South Korea, Australia and New Zealand.

Mid-Mod Highlighted Lots

Lot 653 Bernhard Rohne; Mastercraft Sold for: $6,875
Lot 653
Bernhard Rohne; Mastercraft
Sold for: $6,875
Lot 575 Jacques Adnet (Attr.) Sold for: $5,625
Lot 575
Jacques Adnet (Attr.)
Sold for: $5,625
Lot 668 Florence Knoll Sold for: $5,938
Lot 668
Florence Knoll
Sold for: $5,938

The Collection of Dr. Martin Eidelberg
Hammer: $589,325
Hammer + buyer’s premium: $736,656
Low Estimate: $480,900
High Estimate: $697,900
Number of lots: 95

Early 20th C. Design
Hammer: $664,150
Hammer + buyer’s premium: $830,188
Low Estimate: $737,550
High Estimate: $1,039,200
Number of lots: 223

Mid-Mod
Hammer: $246,355
Hammer + buyer’s premium: $307,944
Low Estimate: $317,050
High Estimate: $460,450
Number of lots: 273

Modern Design Highlighted Lots

Lot 1001 Paul Evans Sold for: $112,500
Lot 1001
Paul Evans
Sold for: $112,500
Lot 1001 Paul Evans Sold for: $112,500
Lot 1001
Paul Evans
Sold for: $112,500
Lot 1227 Paul Frankl Sold for: $53,125
Lot 1227
Paul Frankl
Sold for: $53,125
Lot 1129 George Nakashima Sold for: $51,250
Lot 1129
George Nakashima
Sold for: $51,250
Lot 1097 Pierre Jeanneret Sold for: $31,250
Lot 1097
Pierre Jeanneret
Sold for: $31,250
Lot 1006 Paul Evans Sold for: $28,750
Lot 1006
Paul Evans
Sold for: $28,750

Modern Design
Hammer: $1,746,450
Hammer + buyer’s premium: $2,087,563
Low Estimate: $1,440,550
High Estimate: $1,967,150
Number of lots: 264

Modern Ceramics and Glass
Hammer: $744,885
Hammer + buyer’s premium: $931,106
Low Estimate: $577,700
High Estimate: $840,050
Number of lots: 191

Modern Ceramics and Glass Highlighted Lots
Lot 2099 Paolo Venini Sold for: $46,875
Lot 2099
Paolo Venini
Sold for: $46,875
Lot 2000 Yoichi Ohira Sold for: $46,875
Lot 2000
Yoichi Ohira
Sold for: $46,875
Lot 2057 Libensky; Brychtova Sold for: $43,750
Lot 2057
Libensky; Brychtova
Sold for: $43,750
Lot 2002 Yoichi Ohira Sold for: $43,750
Lot 2002
Yoichi Ohira
Sold for: $43,750
Lot 2044 Dale Chihuly Sold for: $37,500
Lot 2044
Dale Chihuly
Sold for: $37,500

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