From Jack Morris and the Scottsdale Art Auction:
Scottsdale Art Auction achieved the holy grail of the auction industry when it sold all 542 lots in the two-day Leanin’ Tree Museum Collection sale in Scottsdale, Arizona on January 19 and 20. A packed saleroom with more than 500 collectors competed with more than 100 absentee and telephone bidders as well as several hundred registered internet bidders to push the sale that had a high estimate of $7,000,000 to a total of $7,423,023 when the final hammer fell.
“To exceed our high estimates and sell 100% of the lots is something I never expected was possible,” said auction partner Brad Richardson, “but it is a testament to the exceptional popularity of the art that Ed Trumble had assembled for the Leanin’ Tree Museum for over fifty years.”
One by one, auction records for artists were shattered by the sale. Auction partner Jack Morris commented, “if the sale is any indication of where western art stands at the moment, one would have to conclude that the market is alive and very well in Scottsdale Arizona.”
Highlights of the sale were Gerard Curtis Delano’s Dineh, a 30 inches by 36 inches oil estimated at $150,000 – $250,000 that sold for $555,750 and Buck McCain’s The Invocation, a monumental bronze estimated at $100,000 – $175,000 that sold for $292,500 (a new auction record for the artist).