{"id":24175,"date":"2018-02-02T09:03:12","date_gmt":"2018-02-02T14:03:12","guid":{"rendered":"http:\/\/www.wrfalp.com\/?p=24175"},"modified":"2018-02-02T12:55:25","modified_gmt":"2018-02-02T17:55:25","slug":"fourteen-more-prendergast-paintings-sell-at-auction-library-to-net-111500","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/fourteen-more-prendergast-paintings-sell-at-auction-library-to-net-111500\/","title":{"rendered":"Fourteen More Prendergast Paintings Sell at Auction, Library to Net $111,500"},"content":{"rendered":"
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German artist Emilie Preyer’s <\/em>Still Life with Peaaches and Grapes on a Table sold for $30,000 during the Feb. 1, 2018 auction at Sotheby’s. The painting was one of dozens from the Prendergast Library’s classic art collection that was to be sold in order to raise funding for operational costs.<\/em><\/p><\/div>\n

NEW YORK \u2013 Fourteen more paintings from the James Prendegast Library Art Collection<\/strong> sold at auction on Thursday.<\/p>\n

According to the Sotheby\u2019s<\/strong> website, the 14 paintings that sold as part of the \u201cFine Old Master & 19th Century European Art<\/a>,\u201d had a combined hammer price with buyer\u2019s premium $139,375.\u00a0 After the buyers\u2019 premium is removed, the library would net $111,500.<\/p>\n

With a couple pieces selling well above their estimated price, the total amount from Thursday’s auction was considerably higher than the combined estimated value of the 14 paintings, which was between $45,500 and $68,500.<\/p>\n

In addition, one painting \u2013 the most valuable of the 15 up for auction on Thursday – Leon-Jean-Basile Perrault\u2019s Sleep, Baby, Sleep<\/em> – did not receive a bid matching the reserve price and as a result, did not sell. That painting was estimated to be worth $30,000 to $50,000.<\/p>\n

A complete list of each painting that was sold can be found below.<\/p>\n

Counting Thursday\u2019s auction, a total of 27 classic oil paintings from the Prendergast Art Collection have now been sold, with the library receiving an estimated net of $881,000 \u2013 though that number has not been confirmed by library officials.<\/p>\n

It\u2019s believed there are over a dozen more paintings that have yet to be sold by the library. The total value of the library\u2019s art collection prior to any painting be sold was listed at $1.17 million.<\/p>\n

Last year the library board approved the sale of the vast majority of its art collection \u2013 which featured dozens of classic 19th<\/sup> and early 20th<\/sup> century oil paintings from various internationally known artists – in order to help address a shortfall in funding from both donations and the city.<\/p>\n

In addition to the 27 paintings that have sold at auction, another six paintings have also been sent to auction, but failed to sell.<\/p>\n

The library plans to place the money generated from the auctions into its endowment fund so it can generate more interest, with that interest then being applied to annual operating budgets.<\/p>\n

PRENDERGAST PAINTINGS SOLD<\/strong><\/u>
\n(as of Feb. 2, 2018)<\/strong><\/p>\n

Feb. 1, 2018 Southeby’s Auction<\/strong><\/p>\n