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RECORD SET FOR A RARE ALGOMA SKETCH BY LAWREN HARRIS AT CONSIGNOR CANADIAN FINE ART’S INAUGURAL LIVE AUCTION EVENT

Posted on May 31, 2016 at 11:00 pm

Consignor

 

RECORD SET FOR A RARE ALGOMA SKETCH BY LAWREN HARRIS
AT CONSIGNOR CANADIAN FINE ART’S INAUGURAL LIVE AUCTION EVENT

(Toronto – May 31, 2016)Algoma Sketch 48, a rare preparatory oil sketch by Lawren Harris debuted on the auction block at Consignor Canadian Fine Art’s inaugural live auction event tonight in Toronto, ON, fetching $977,500 (significantly above its pre-estimate of $400,000 – $600,000; all prices includes a 15 per cent buyer’s premium, the lowest in the industry). The sale set the record for the highest-selling Algoma sketch by the artist at auction, tripling a previous Harris sketch, Herbert Lake Algoma, which sold for $304,000 in 2013.

Harris painted Algoma Sketch 48 in 1919/1920 during the time when the Group of Seven officially formed as an association of painters. Consignor acquired the exceptional oil sketch from a private seller halfway across the globe in Australia, whose family originally acquired the work from the Toronto-based Mellors-Laing Galleries in 1940.

“The value of this particular Harris piece stems from its rarity as an unknown preparatory work for four of the artist’s well-known large canvases,” said Consignor’s Managing Director Lydia Abbott. “That, combined with an increased interest in Harris’s artwork, made for a truly exceptional centerpiece for our Spring Auction of Important Canadian Art.”

Two other Harris works also fared well at the auction: House, Toronto sold for $115,000 and Shacks sold for $103,500. Additional highlights include:

• Jack Bush, Complete Portfolio of Five Prints – $57,500 (more than triple its pre-sale estimate of $15,000 – $20,000)
• Frank Hans Johnston, A Rocky Corner – $48,300
• A.J. Casson, Jackknife Bay – $34,500
• William Kurelek, Stop Thief! – $34,500 (more than double its pre-sale estimate of $14,000 – $18,000)

“We are thrilled with the performance of our first-ever live auction”, said Rob Cowley, President of Consignor. “The success of the auction not only cements a new tradition for Consignor but also establishes Consignor’s role among Canada’s most notable art auction houses.”

Since its inception in 2013, Consignor’s auctions have included headline-grabbing works such as a rare 100-year-old Tom Thomson portrait (Daydreaming, sold for $172,500) and an undiscovered William Kurelek (Ukrainian Proverb, sold for $41,400). Consignor’s offering of Jack Bush’s Summer Lake broke online auction records in May 2014 for the most expensive painting by a Canadian artist to be sold in an online auction ($310,500), and its June 2014 auction saw eight artists’ records broken.

Consignor is currently viewing artwork for consideration for the upcoming Online Auction of Canadian Art, acting as the second session to this live sale, with bidding open at consignor.ca between June 15 – 22, 2016.

Consignor Canadian Fine Art is a partnership between art auction veterans Rob Cowley, Lydia Abbott and Ryan Mayberry (Partner at Mayberry Fine Art and Founder of Consignor.ca). Cowley and Abbott became principals in the new venture with Ryan Mayberry, taking Consignor.ca from its original form, as a branch of Mayberry Fine Art, to a separate company focusing on auctions of Canadian art.

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Media Contacts:
Andrea McLoughlin, Holmes PR
amcloughlin@holmespr.com
416-628-5609

Tran Nguyen, Holmes PR
tnguyen@holmespr.com
416-628-5607