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Picture Framing Magazine July 2001On May 17, 2001, Balfour & Wessels Framefinders Inc., brokers of antique frames, held the first antique frame-only auction in New York City. There were 170 American and European frames, 134 of which were sold. Total sales were approximately $230,000. As a groundbreaking event in the antique frame world, the first frame-only auction was highly successful, says Edward Charles Balfour, CEO of Balfour & Wessels. Auction results show that American frames were strong sellers, especially those from the 19th Century. A Stanford White frame fetched the highest bid, selling for $27,600 (rabbet size: 18 x 22, width: 8). This is the highest price ever paid at an auction for an American frame, according to Balfour.
Arts & Crafts frames and other 20th Century American frames were strong sellers as well. For example, a hand-carved and gilded Charles Prendergast sold for $8,050 (rabbet size: 33 ½ x 43, width: 3). However, American frames werent the only high sellers. An 18th Century French frame was purchased for $8,050 (rabbet size: 41 x 57, width: 6 ½). Balfour & Wessels is planning its next auction for this fall with dates to be announced. The company runs a gallery in New York City and also has a website featuring an inventory of consigned frames. For more information about the upcoming auction, visit www.framefinders.com or call the gallery at 212-396-3896. |