Ground Breaking Event at Sotheby's

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Ground Breaking Event at Sotheby's

October 14, 2007

Three Great Paintings by ARC Living Masters All Sold at Sotheby’s Mid-Season Event for American Paintings, October 10, 2007

All Three Painting Sold Above the High Estimates

Emerald and Rose by Allan Banks: went for $34,000 (estimate $14,000 - $18,000)
Father's Day by Steve Gjertson sold for $34,000 (estimate $10,000 - $15,000)
Dawn of Hope by Dan Gerhartz sold for $45,000 (estimate $20,000 - $30,000
[prices include buyers premium]

One expert on American painting at the event said:

This was nothing short of a Watershed event in art history. Not only is this likely to lead the way to a growing dynamic market for these Three artists, but may prove to have ushered in a whole new marketing category in American Painting sales.
Academic and Impressionist Living Master Realist artists. I’m not sure exactly what we’ll call it yet, and it may prove to be best to continue combining them with American paintings from the last 200 years as we did today.