Sotheby’s Sets a Record for American Silver at Auction – Bowl Sells for $5.9 M

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NEW YORK, NY.- A new auction record for American silver was set this afternoon at Sotheby’s when a Silver Punch Bowl by Cornelius Kierstede, made in New York between 1700 and 1710, sold for an astonishing $5,906,500. With a pre-sale estimate of $400/800,000 auctioneer David Redden opened the bidding at $275,000 and almost instantly a bid of $500,000 was called out by Ian Irving of Ian Irving Ltd. As many as six different bidders raised their paddles, but at around $3 million the battle was reduced to two determined clients, an anonymous gentleman seated in the room and New York dealer S.J. Shrubsole. The competition continued for several minutes before the winning bid was cast by the anonymous purchaser in the room; bringing the gavel down to rousing applause. The final price of $5.9 million is more