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Saturday, April 7, 2018

Sold for $557,000! - Beauford's Village Street Scene

Beauford's Untitled (Village Street Scene) sold for $557,000 at Swann Auction Galleries' April 5 African American Fine Art sale.

Untitled (Village Street Scene)
(1948) Oil on canvas
737x1016 mm; 29x40 inches
Signed and dated in oil, lower left.
Image from Swann Auction Galleries Web site
© Estate of Beauford Delaney
by permission of Derek L. Spratley, Esquire,
Court Appointed Administrator

The sale price includes a buyer's premium of 25%*. The hammer price of $460,000 far exceeded the estimated value of the painting ($150,000 - $250,000).

According to the Swann Auction Galleries' Web site, large canvases from Beauford's New York period are extremely scarce - this is only the second to come to auction in the past thirty years.

Nigel Freeman, director of the African-American Fine Art department at Swann, shared that the previous auction record for Beauford's work is $176,250 for Street Scene, a 1950 oil on canvas sold at Clarke Auction Gallery, Larchmont, NY, on October 27, 2008. This work is now called Untitled (Greene Street). See an image of the painting in the Les Amis blog post entitled "La Vie en Rose".

*At auction, there are two prices--the hammer price, or the price at which the item sells during the auction, and the price with the buyer's premium. All auction houses have a buyer's premium that the buyer pays to the auction house in addition to the hammer price. The buyer’s premium for items purchased directly through Swann is 25%. Swann Auction Galleries now reports the "hammer price" and the price that include the buyer's premium in its online catalog.

For more information, contact Nigel Freeman at
nfreeman@swanngalleries.com.

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