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Thursday, 19 May 2011 04:10

Sotheby's Sets New Auction Record for American Indian Art with War Shirt that Sells for $2,658,500

Oglala Sioux Beaded and Fringed Hide War Shirt. Est. $250/250,000. Sold for: $2,658,500. Oglala Sioux Beaded and Fringed Hide War Shirt. Est. $250/250,000. Sold for: $2,658,500. Photo: Sotheby's.

NEW YORK, NY.- Sotheby’s set a new record for a piece of American Indian Art at auction when an Oglala Sioux Beaded and Fringed Hide War Shirt which once belonged to the famous and celebrated Sioux Chief, Black Bird sold to an anonymous buyer for $2,658,500 (est. $250/350,000). The War Shirt led the sale which totaled $4,809,503. This was comfortably over the high estimate and the highest ever total for a various owner sale in this category (overall est. $2.8/4 million).

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