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World Auction Records Set in Bonhams & Butterfields’ California & American Paintings & Sculpture Sale in August



Nearly $3.5-million paid in Summer sale

As California’s oldest and largest auctioneers, Bonhams & Butterfields has established a reputation as a preeminent source for California and American works of art. “The market for these works continues to be strong, with high-quality examples continuing to find their way to Bonhams & Butterfields,” said Scot Levitt, Vice-president and Department Director, California & American Paintings.

Simulcast between the Los Angeles and San Francisco galleries, the August 7, 2006 sale drew lively crowds. Bidding was highly competitive for the 316 lots, with a total of six world auction record prices set.

Charles Courtney Curran’s delicate and impressionistic vista May Morning opened the afternoon session of American works with great success, bringing $77,000 while Laverne Nelson Black’s Taos Pueblo exceeded its high estimate bringing $100,000. Also making an excellent showing was Milton Avery’s Swimmer Sunning, 1936, a lovely work on paper, selling at $79,875. Philip Russell Goodwin’s Trappers in a Canoe brought competitive bidding and closed the session, selling for $117,250.

Collectors filled the auction room as the evening session of California Paintings launched with great anticipation. An early example of Virgil Williams’ work Fishing Near Half Dome, 1863, reached a record high for the artist, bringing $172,250, while the continuing interest in the rich palette and irresistible brushstrokes of Joseph Kleitsch’s work was apparent as the Portrait of Ruth Renick sold for $612,250 - also a record high for the artist. John Marshall Gamble contributed his share of robust prices with an impressive vision of luscious California wildflowers. Gamble’s bold and vibrant colors of Spring Flowers Antelope Valley, 1923, brought $66,650 while his sense of depth and careful delineation of color in Spring Afternoon, The Desert near Indio attracted great attention and sold for $82,750.

"With top quality works reaching record levels, buyers seem to be more selective and willing to pay more for premier examples, which leaves more bargains amidst the lesser value works. With an increasing interest in California and American art, competition for the highest quality paintings remains as strong as ever,” continued Mr. Levitt.

The next offering in this collecting category will take place on December 11, 2006. Consignments are currently being sought for this winter sale. Please visit the Bonhams website at www.bonhams.com/us for more information.

Press Contact: Jannelle Grigsby
jannelle.grigsby@bonhams.com
+1 323 436 5458

Bonhams, founded in 1793, is one of the world's oldest and largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son and Neale UK. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America and in August 2003, Goodmans, a leading Australian fine art and antiques auctioneer with salerooms in Sydney, joined the Bonhams Group of Companies. Today, Bonhams is the third largest and fastest growing auction house in the world with a global network of offices and regional representatives providing sales advice and valuation services in 20 countries. It offers more sales than any of its rivals, through two major salerooms in London: New Bond Street, and Knightsbridge, and a further 10 throughout the UK. Sales are also held in San Francisco, Los Angeles, New York and Boston in the USA; and Switzerland, Monaco, and Australia. For a full listing of upcoming sales, plus details of more than 40 Bonhams specialist departments, go to http://www.bonhams.com/. For other press releases, go to www.bonhams.com/press
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