Tag: Jack Bush

  • Building Your Collection: Understanding Value and Navigating the Auction Market

    Navigating the art market can be both an exciting and a daunting task for new buyers, experienced collectors and art market professionals. With a plethora of commercial galleries, online purchase platforms and auctions seemingly running 24/7, the buying options are limitless. At Cowley Abbott, we prioritize exceptional customer service and take pride in assisting our clients find the perfect artwork to either add to or begin their collection. In this article we will look at some key factors to consider when looking to start, build or mature your art collection, as well as the benefits of buying at auction.

    Christopher Pratt, Girl on my Couch (1984)

    Where to Start?

    Of course, one’s aesthetic taste is an obvious starting point. When a client inquires about what artist, time period or style of art they should collect, we encourage first to scan galleries, auctions and online resources to pinpoint what naturally appeals. Once there is a clear idea of an overall genre, style or even a particular artist that a collector wants to focus on, this establishes a solid foundation to build upon. Investment and future value are the next factors to consider. Although collecting art is an emotional and subjective process for collectors, the financial aspect of collecting is a natural and valid query. Invariably, the next question asked is, which artist or artwork will hold value over time.  There is no crystal ball to consult to ensure that an artist or artwork will maintain its economic value, just as there is no guarantee that one’s financial investments will hold steady without change. However, auction, by virtue of its transparency, establishes a sense of confidence. Estimates and hammer prices reflect the realistic expectations of the secondary market for an artwork and artist, no matter a collector’s budget.

    Jean Paul Riopelle, Feuilles VI (1967)

    New collectors often seek an understanding of the art market before committing to their first purchase. This strategy takes into account a collector’s taste and shifting art market trends. Bearing this in mind, works on paper by major artists who trade at auction are an excellent buying option for new collectors.  Typically, works on paper, such as drawings, watercolours and prints, offer a lower financial entry point and are an excellent example of the artist’s production, while allowing the collector to inform their aesthetic taste. Canadian artists, such as Jack Bush and Christopher Pratt, produced works on paper in tandem with their painting, developing fascinating and sometimes unique, experimental testimonials to their overall practice. “Sash”, “Totem” and “Thrust”, prints by Jack Bush, offer bright renderings closely linked to both his works in gouache and his large canvases. Similarly, Pratt’s graphite drawings of nude models and interiors are often the basis for both his coveted print works and paintings, functioning as intentional works of their own. Works on paper offer an incredible opportunity to understand the technical process of an artist. Notes on colour, shading, location and even the time of day can be conveyed, providing a unique insight into completed works by the artist.

    As a new collector, the benefit to both monitoring and participating in auctions is accessibility to the wide variety of works included in these auctions, either online or live. A collector can study the online auction catalogues, view multiple images of the works included, request condition reports on specific artworks and compare artworks to navigate their own interests and taste. At Cowley Abbott, we offer dedicated sales of Works on Paper, taking place in February and July, offering an exceptional opportunity to begin collecting or build upon an established collection.

    I know what I like, how do I navigate value?

    Jack Bush, Purple Thrust

    Researching and learning more about major art movements, artist collectives, groups and periods all contribute to a more well-rounded understanding of the cultural value of artworks. This aids in further distilling a collector’s taste; perhaps gravitating to one artist of a major group over another and establishing a more finite point to begin collecting.

    Navigating the estimates applied to artworks is an integral component to collecting. When auction houses ascribe estimates to artworks, the value is based upon past results for an artist at auction. Our specialists research comparable works by the artist, taking into account various attributes, such as medium, dimensions, style, overall quality and period for the artist. Hammer prices and auction estimates for these comparable pieces are taken into consideration in order to provide realistic expectations for artworks offered at auction. This recognized practice of valuation establishes greater transparency for new collectors navigating the auction market.

    The Basics of Understanding Value

    ArtTactic professionals have broken down the stages of an artist’s trajectory in order to measure the relationship between the cultural and economic value of their work within the art market. The following factors are considered when offering an artwork at auction, allowing further insight into how and why specific artwork by an artist may achieve a higher value.

    1. Formation Phase
      1. Art School
      2. Grad Show
      3. Local collector interest / exhibiting with smaller or younger galleries
      4. Art Fair showing
      5. Curator interest
      6. International interest (though less so with Canadian art given the regional market)
      7. Reputable Artist Prizes
    1. Expansion Phase
      1. Move to representation with established gallery / solo exhibition
      2. Acquisitions by major collectors
      3. International solo exhibition
      4. AUCTION DEBUT—works selling above expectation
    1. Consolidation Phase
      1. Strong and Consistent auction market activity
      2. Consistent commercial and museum exhibition activity

    Further factors to consider include condition, quality, characteristics of the artwork, the provenance and, to an extent, rarity. Though rarity can aid in increasing the value of an artwork — for instance if the work is a sketch or panel for an important work by the artist — it can also have an adverse effect (ex. an artwork depicting a floral still life by an artist who is celebrated for their work in abstraction). For new collectors, it is an important component to be mindful of, as rarity can equate to a smaller pool of collector interest should one seek to sell in the future to mature a collection or should aesthetic tastes change.

    These factors are guidelines to understanding established value, how specialists arrive at estimates, and driving forces for market trends. If there is a strong emotional draw to an artwork, collectors should trust their instincts and collect works that they will enjoy and that will enrich their collections.

    How can Cowley Abbott assist?

    Our monthly online auctions are an opportunity for a collector to ‘check’ the pulse of the market and dabble in their own collection journey. Interested collectors are invited to monitor the progress of our auctions and the performance of a specific artwork with no obligation to bid or participate. Our easy to navigate website offers a comfortable and convenient environment to participate should a collector wish, while our team of specialists are available to assist with any questions or concerns regarding artworks, or the auction process. The artworks included in the online auctions are available to preview at our gallery, and we invite you to visit us to view the works in person (should you be in the Toronto area or find yourself here visiting during our previews).

    Guido Molinari, Untitled (Vertical blanc)

    Our live auction of Important Canadian Art, which takes place in the spring and fall each calendar year, offers fresh insight into the auction world. We invite clients and collectors to experience the excitement of a live auction, as the event is open to the public and there is no obligation to participate. We provide extended gallery preview times to view the artworks included in these auctions to accommodate travel and scheduling realities, while flexible bidding options are available (in-person, absentee and telephone). The opportunity to view and engage with rare, museum-quality works is a privilege we love to share with our clients.

    Our boutique firm specializes in Canadian Fine Art and our team of experienced and trained professionals is available to answer your collecting queries. We emphasize transparency in our business and market discussions with clients. We publish the price realized for all artworks sold at auction, partnering with global art market indexes, and provide full cataloguing information for all artworks we are entrusted with for sale. We strive to provide clients and collectors with the highest level of service, and we would be delighted to assist you in your collecting journey!

  • Museum-Quality Canvas by Quebec Master Jean Paul Lemieux Debuts at Cowley Abbott Fall Auction

    Jean Paul Lemieux, Basse messe, dimanche

    Basse messe, dimanche by Quebec Master, Lemieux is among historical and post-war auction highlights from Consignor Canadian Fine Art, now Cowley Abbott

    October 23, 2019 (Toronto, ON) – An exceptional opportunity to own a major canvas by one of Canada’s most celebrated painters is up for auction from Cowley Abbott (formerly Consignor Canadian Fine Art) as part of its semi-annual Fall Live Auction of Important Canadian Art, taking place Tuesday, November 19 at Toronto’s Gardiner Museum. Presenting key work by Canada’s preeminent historical and post-war artists, many of which will be going under the hammer for the first time, the newly minted Cowley Abbott will also be celebrating the rebrand of the auction house under the monikers of its principals, Canadian auction industry veterans Rob Cowley and Lydia Abbott.

    Jean Paul Lemieux’s Basse messe, dimanche (Low Mass, Sunday), painted in the classic style for which the artist is most celebrated, will make its auction debut with an estimate of $300,000 – $500,000. Basse messe, dimanche is a stunning canvas that depicts a group of parishioners exiting a church in the early morning, exposed to the winter cold under the harsh light of a white moon. Measuring nearly eight feet wide, the painting is one of the largest of the period by a key figure in Canadian modernity. Imbued with themes of Nordic sensibility and melancholy, Lemieux drew inspiration from memories of a bygone era in which Quebec traditions, customs, and popular religious beliefs gave life and structure to the artist’s community.

    “It is our privilege to introduce Basse messe, dimanche to the public for the first time at auction,” said Rob Cowley, President, Cowley Abbott. “This commanding, stunning canvas provides Jean Paul Lemieux’s classic view of Quebec and Canadian culture, effectively capturing themes of community, faith and isolation across an expansive winter landscape. The rich colour and larger-than-life characters that occupy the spectacular composition have stopped collectors in their tracks during early previews of this important painting by one of our country’s most renowned painters.”

    The fall auction also provides a chance to own a piece of Canadian history, with a rare work on offer by Canadian scientist, physician, painter and Nobel Prize recipient Sir Frederick Banting. European Landscape (1925) was painted during his trip to Europe where he accepted the prestigious Nobel Prize in Physiology or Medicine for his involvement in the discovery of insulin; and the work provides a rare glimpse from Banting at the point of receiving the highest honour in his field. As the then youngest laureate and first Canadian to receive the prestigious prize, Banting was also named Time Magazine’s “Man of the Year” on the cover of its August 1923 issue, making him a renowned figure of scientific progress around the world. The painting has a distinguished provenance that includes being privately owned by members of the Banting family, and is accompanied by a letter from Banting’s son detailing the piece’s history and the trip during which the painting was created. European Landscape has a pre-auction estimate of $20,000 – $30,000, which Cowley Abbott anticipates could exceed expectations.

    Multiple key works by William Kurelek will be featured in Cowley Abbott’s fall live auction including Pioneer Homestead on a Winter’s Evening (1971). Housed in a custom frame made by Kurelek, the painting depicts a Ukrainian woman drawing water from a well on the Canadian prairie in winter, and is an exemplary showcase of the artist’s characteristic themes and subject matter related to immigration, farming on the Prairies, Ukrainian heritage, and the harsh beauty of the Western Canadian landscape. The painting comes from the private collection of a Ukrainian-Canadian family in Toronto with an auction estimate of $50,000 – $70,000.

    From the same collection comes Brothers, a larger winter farming painting by William Kurelek that has an auction estimate of $100,000 – $150,000. Commissioned by the family following their purchase of Pioneer Homestead on a Winter’s Evening, the composition presents two brothers walking together on a vast Prairie landscape, distantly following their father upon a horse-drawn sleigh.

    “Our Fall Auction of Important Canadian Art features striking and rare examples by our country’s illustrious painters, sculptors and print-makers. Entrusted to our firm from Canadian and International private and corporate collections, it is a pleasure for our team to present these fantastic works to the collecting public, in many cases for the first time.” – Lydia Abbott, Vice-President, Cowley Abbott

    Other notable artworks featured in Cowley Abbott’s Fall Live Auction include:

    • A 1936 painting by Emily Carr depicting the Strait of Juan de Fuca, is a richly coloured work alive with the movement of the ruggedly beautiful British Columbia landscape. The painting comes from a United States private collection, available at auction for the first time with an estimate of $125,000 – $175,000
    • Two rare canvasses by 19th century master Cornelius Krieghoff, bothfrom a private collection: Indian Encampment by a River Autumn (1849) is being offered with a pre-sale estimate of $60,000 -$80,000 and Hudson Bay Trader (1845-47) at $40,000 – $60,000
    • La Mare, Baie St. Paul, a 1920 oil on panel by Quebec painter Clarence Gagnon. This panel, a sketch for The Pond in October housed in the National Gallery of Canada’s permanent collection, is being offered with an estimate of $15,000 – $20,000
    • A trailblazer for women in the arts in Canada, Molly Lamb Bobak’s Highland Games, Fredericton is expected to excite collectors with its colourful and heavily populated setting during the city’s Highland Games Festival. This large 40” x 48” canvas is likely to exceed its pre-sale estimate of $30,000 – $50,000
    • One of Canada’s earliest and most renowned champions of abstraction, Bertram Brooker’s Autumn Bouquet makes its first appearance at auction, subject to a $20,000-30,000 estimate. Cowley Abbott set an auction record for a work by Brooker in the fall of 2018, Delta Ice House more than tripling its opening bid to fetch $82,600

    Historical offerings in the auction also include the workof the Group of Seven, Sybil Andrews, J.W. Beatty, André Biéler, J.W. Morrice, P.C. Sheppard, M.A. Suzor-Coté, Robert Pilot and Frederick Verner.

    Post-War Contemporary and Abstraction artists are also strongly represented in the sale with works by David Blackwood, Jack Bush, Greg Curnoe, Sorel Etrog, Paterson Ewen, Joe Fafard, Betty Goodwin, Ted Harrison, Gershon Iskowitz, Maud Lewis, John Little, Jean McEwen, Norval Morrisseau, Kazuo Nakamura, William Perehudoff, Bill Reid, Goodridge Roberts, Otto Rogers, Gordon Smith and Takao Tanabe.

    Live previews will take place at the Cowley Abbott Gallery located at 326 Dundas Street West (located across the street from the Art Gallery of Ontario) beginning the weekend of Art Toronto – Friday, October 25. Cowley Abbott’s Fall Live Auction of Important Canadian Art will take place on Tuesday, November 19 at 7 p.m. EST at the Gardiner Museum located at 111 Queen’s Park, Toronto, ON.

    Since its inception in 2013, Cowley Abbott’s live and online auctions have included headline-grabbing works such as a rare 100-year-old Tom Thomson portrait (Daydreaming, sold for $172,500), a celebrated depiction of Kensington Market by William Kurelek (Hot Day in Kensingon Market, sold for $472,000), and Jack Bush’s Summer Lake, which broke online auction records in May 2014 for the most expensive painting by a Canadian artist to be sold in an online auction ($310,500). Their inaugural live auction event in May 2016 set the record for the highest-selling Algoma sketch by Lawren Harris, fetching $977,500, tripling the previous auction record.

    Cowley Abbott is currently accepting consignments for its upcoming auctions. Cowley Abbott offers all-inclusive selling commissions and the lowest buyer’s premium in the industry. Those interested in consignment can arrange a complimentary and confidential consultation by contacting Cowley Abbott’s specialists at 1-866-931-8415 or mail@cowleyabbott.ca.

  • Spring Season Sees Strong Results for Canadian Historical & Post-War Artwork

    Claude Tousignant, Absurdo (1964) – Price Realized $188,800

    May 28, 2019 (Toronto, ON) – An energetic and hypnotizing canvas by Claude Tousignant had bidders spellbound during the Tuesday evening Consignor Canadian Fine Art Spring Live Auction of Important Canadian Art, when it fetched $188,800 (all prices include the 18% Buyer’s Premium), more than tripling the opening bid. Absurdo (1964) drew feverish bidding attention from participants in the room and on the telephone before being hammered down well beyond expectation.

    David Milne’s Soft Hills (Misty Hills) (Boston Corners, N.Y.), a masterful 1917 watercolour also attracted strong attention in the packed auction gallery at Toronto’s Gardiner Museum, finally selling for $112,100, more than doubling the painting’s pre-sale estimate of $40,000-60,000. The stunning watercolour appeared for its first time at auction with Consignor and the rarity drew praise and attention from collectors across Canada.

    Algoma Sketch XCII (Algoma Autumn), a 1920 oil sketch portraying the region where the Group of Seven embarked on their earliest sketching trips as an official association sold for $125,000 during the week, while a small graphite sketch by the artist (Algoma) fetched $25,960, exceeding its pre-sale auction estimate.

    A close friend of Harris and Group of Seven, Tom Thomson’s Road Near Leith (1908) sold for $100,300, the early canvas, depicting the region where the painter was born and his family lived, exceeding the high-end of expectation.

    Prairie-born Colour-Field painter William Perehduoff also turned heads during the May auction with AC-69-29 (1969) commanding strong competition in the auction gallery before finally selling for $51,920, more than doubling the opening bid volleyed by the auctioneer.

    Other notable results during Consignor’s spring auction include:

    • Bill Reid, Bear Cub Pendant (1990), the 22k gold jewellery work by the internationally renowned Haida artist, fetched $47,200 (exceeding the high-end of pre-auction expectation).
    • Jack Bush, Ochre Blue Square, the small canvas by the celebrated post-war painter selling for $30,680, while an earlier, 1951 work by the artist, Lovers, sold for $28,320 (within expectation).
    • William Kurelek, Tale of a Dog, a gift from the painter to the consignor, a fellow framer and friend, achieved $10,620 (exceeding the high-end of pre-auction expectation).
    • Frederick Varley, Spring Meadow, Don Valley, a vivid canvas painted during the period in which the Group of Seven were associated, sold for $28,320 (within expectation).

    The season continues with a second online session of Canadian artwork on offer until June 5th and a further session of Canadian and International artwork included in the Consignor June Online Auction between June 9th and 16th.

  • Kurelek Masterwork Fetches $472,000 During Record-Breaking Spring Auction

    William Kurelek, Hot Day in Kensington MarketToronto, ON (May 29, 2018) – Consignor Canadian Fine Art’s Spring Live Auction of Important Canadian Art, held Tuesday evening at Toronto’s Gardiner Museum, concluded with stellar results for a wide range of rare and quality artworks which celebrate Canada’s diverse history and culture.

    Among the exemplary works up for bid was the auction debut of William Kurelek’s Toronto series masterpiece, Hot Day in Kensington Market, which more than tripled its opening bid, selling for $472,000 – the second highest auction price on record for the artist (all prices include an 18 percent buyer’s premium, the lowest in the Canadian auction industry).

    A second painting by Kurelek entitled Hauling Hay also easily surpassed its pre-auction estimate, fetching $94,400.

    The most surprising result of the evening was a record set for renowned Canadian war artist, Charles Comfort, whose oil on board titled, Smokestacks, Copper Cliff, sold for $33,040; six-times its auction estimate of $3,000- $5,000. The painting is one of several preparatory sketches to the final canvas, Smelter Stacks, Copper Cliff, which is housed in the National Gallery of Canada’s permanent collection.  The previous record for a Charles Comfort work of art was $20,700 (for Hope Island Light, Lake Huron, sold in 2005).

    Solid auction results were also achieved for:

    • Emily Carr, Logged Land, a 1930s oil on paper on canvas support, sold for a strong price of $377,600
    • A.Y. Jackson, Ruisseau Jureux, 1931 oil on canvas painting sold for $88,500
    • Marcelle Ferron, Sans titre, an important canvas selling for $49,560, by the artist who was a major figure in the Quebec contemporary arts scene
    • Jean McEwen, Les Fiançailles No. 5, large-scale 75” X 75” oil on canvas by Montreal abstract master (auction estimate of $25,000 – $35,000) tripled its estimate at $88,500
    • A striking and rare 22-karat miniature gold sculpture by Haida artist and sculptor Bill Reid, Chief of the Undersea World sold for a strong $129,800
    • Daphne Odjig’s Family Ties, a 36” X 34” acrylic on canvas painted in 1981, which made its auction debut sold for $37,760

    View full auction results by following this link.

    About Consignor Canadian Fine Art

    Since its inception in 2013, Consignor’s live and online auctions have included headline-grabbing works such as a rare 100-year-old Tom Thomson portrait (Daydreaming, sold for $172,500), an undiscovered William Kurelek (Ukrainian Proverb, sold for $41,400), and Jack Bush’s Summer Lake broke online auction records in May 2014 for the most expensive painting by a Canadian artist to be sold at an online auction ($310,500). Consignor’s inaugural live auction event in May 2016 set the record for the highest-selling Algoma sketch by Lawren Harris, fetching $977,500, tripling the previous auction record.

    Consignor Canadian Fine Art is currently accepting consignments for its upcoming auctions, including the June Online Auction of Canadian and International Artwork, with bidding open at consignor.ca from June 6-13, 2018.

  • Carmichael Masterwork Sells for $475,000 During Spring Season

    Records Broken & New Traditions Established for Consignor This Season

    Old Orchard, a major 1940 painting by Franklin Carmichael was sold for $475,000 during the spring auction season, the highest price paid for the painter’s work in eight years and one of the highest values ever achieved for the painter’s work by an auction firm.  The price was just one of the many highlights encountered by Consignor Canadian Fine Art this spring.

    The Spring Live Auction of Important Canadian Art, held May 25th, was an evening of new traditions and continued success for Consignor, the auction establishing strong prices for historical, post-war and contemporary works of quality and rarity.  The auction was held for the first time at Toronto’s Gardiner Museum, the downtown venue filled to capacity with an electric environment of excitement palpable from the drop of the hammer on the first lot sold.  The classy and cozy setting was instantly popular with clients, paddles comfortably waving in the air throughout the night.

    Excited bidding participation came through not only in the room, but through spirited telephone and absentee bidding, pushing choice artworks well beyond expectation.  Drawing strong reaction from the room was the sale of Three Black Cats, the small oil painting by Nova Scotia folk artist Maud Lewis fetching a record $36,800 (prices posted include applicable Buyer’s Premium), almost double the previous auction record and five times the presale estimate.  Appreciation for Atlantic Canadian artists continued with David Blackwood’s Fire Down on the Labrador selling for $48,300, doubling its estimate and marking the second highest price ever achieved for the iconic imagery created by the Newfoundlander printmaker.

    Artwork by Tom Thomson and the Group of Seven continued to excited collectors during the spring season, with notable results including: Tom Thomson’s Fallen Timber (Algonquin) selling for $125,000; Edwin Holgate’s Autumn Leaves selling for $75,000; Madawaska, a 20 x 26 inch canvas by A.Y. Jackson fetching $69,000; A.J. Casson’s captivating Old Hotel, Elora selling for $36,800 while Casson’s Byng Inlet fetched $29,900.  Works on paper by the Group saw record prices set with Lawren Harris’ Snow-Covered Trees more than doubling its estimate to reach $50,600 and A.Y. Jackson’s Gulf of St. Lawrence selling for $14,950, both auction records for works on paper by the artists.

    Further historical highlights displayed a love for portraiture from collectors this season with an enchanting Jean Paul Lemieux portrait fetching $48,300; Randolph Hewton’s Portrait of Thomas Archer Esq. selling for $14,950; and Hal Ross Perrigard’s Vere reaching $10,925, each exceeding their pre-sale estimate.

    Post-War and Contemporary Canadian works performed notably during the May 25th live auction with: Ted Harrison’s The Grecian House (Dawson City) selling for $34,500, Sorel Etrog’s “Ferrari red” Sadko fetching $27,600, Paul-Émile Borduas’ Abstract Composition watercolour reaching $21,850 and Rita Letendre’s L’Enchenteur selling for $17,250.

    The May live auction was surrounded by Consignor’s March and June Online Auctions, sales which are carefully catered not only to established collectors looking to supplement their existing collections but also to new collectors who continue to hunt for gems to create an assemblage.  Feverish online bidding led to collectors across Canada and beyond being awarded notable works of art by A.J. Casson, J.W. Beatty, Manly MacDonald, H.S. Palmer, Alan Collier, Yvonne McKague Housser, Goodridge Roberts, Jack Bush, Alex Colville, Norval Morrisseau, David Urban, Angela Leach, and Kim Dorland, among many others.

    We extend our thanks to the consignors, buyers, bidders and clients who helped to ensure another season of success for Consignor Canadian Fine Art.  Preparation has already begun for our fall sales, including the Live Auction of Important Canadian Art (to be held on November 23rd at the Gardiner Museum).  We are currently accepting consignments for the upcoming sales and our team would be delighted to meet with you in our downtown Toronto gallery or during our national travels this summer.  The summer months feature a selling exhibition in the gallery and online, allowing clients the opportunity to consider a variety of work by Canadian artists, available for immediate sale (full listing available here).