Art News

Keno Auction’s Inaugural Sale Brings $5.8 Million, Well Above High Estimate

NEW YORK, NY.- The Inaugural Sale from Keno Auctions, which took place May 1-2 at the Marriott Stamford Hotel in Connecticut, achieved $5,818,460 in sales, over its pre-sale high estimate ($2.8 – 5.4 million)* with 87.5% of the 741 lots finding buyers, and established three world sales records. Keno Auctions’ president Leigh Keno announced on Wednesday May 5th that post-sale activity brought the total sold to $6,014,000. The top lot of the sale was The James Beekman Chippendale Carved Mahogany Chest of Drawers from the shop of Thomas Brookman with carving attributed to Henry Hardcastle, New York, circa 1752 (pictured). The lot incited a bidding war between dealer Todd Prickett, on the phone, and noted American collector John McGraw, who was in the room. Mr. McGraw prevailed, winning the chest with a final bid (including buyer’s premium) of $1,428,000, more than twice the high end of its $200/600,000 estima