Collection of Allan Stone Totals $54.8 Million Exceeding High Estimate at Sotheby’s New York

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NEW YORK, NY.- Yesterday night at Sotheby’s New York the two-part sale of The Collection of Allan Stone, brought a total of $54,805,500, well above the pre-sale high estimate of $46.8 million, and was 93% sold by lot. The auction was held 50 years after the founding of The Allan Stone Gallery and celebrated the artists represented and collected by this renowned New York dealer. The evening was led by John Chamberlain’s Nutcracker, a rare and early example of the work that the artist would become known for in the early 1960s, which sold for $4,786,500 and set a new record for the artist at auction. In addition to this new record, the sale was characterized by strong prices and global demand for West Coast artist Wayne Thiebaud, with 17 works bringing a total of $27,528,500, above a high estimate of $18.3 million. “We had an excellent night tonight as