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Thursday, 22 May 2014 12:10

Sotheby’s American Art Auction Realizes $46 Million

Norman Rockwell's 'After the Prom.' Norman Rockwell's 'After the Prom.'

Today’s auction of American Art at Sotheby’s New York achieved $45,869,625 (est. $33.2/49.7 million)* – among the highest totals for an American Art sale in the last five years.

- Today’s sell-through rate of 80.7% by lot marks the 5th consecutive American Art auction at Sotheby’s with a strong sell-through rate over 80%.

- Ten lots brought prices over $1 million, with more than half of all sold lots achieving prices above their high estimates – including eight of the auction’s top ten works.

- Ten works by Norman Rockwell totaled $20 million, meeting their combined pre-sale high estimate.

- Led by After the Prom, which sold for $9,1,250,000 – the 4th highest price at auction for the artist (est. $8/12 million). The work was last acquired at Sotheby’s New York in 1995 for $880,000.

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