RECORD! Christie’s Sells Diego Rivera’s The Rivals for $9.7 Million–A Record for Rivera and ANY Latin American Artwork

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What you see: The Rivals, a 1931 painting by Diego Rivera. Christie’s sold it in May 2018 for $9.7 million, a record for the artist and for any Latin American artwork.

 

The expert: Virgilio Garza, head of Latin American art for Christie’s.

 

First off, how rarely do Diego Rivera canvases of any kind come up for sale, let alone fresh-to-market works from the Rockefeller family? We get them from time to time. We actually just had a smaller canvas in the regular Latin American art sale. They are rare, but every now and then we do get some.

 

Have any other Diego Rivera canvases painted for members of the Rockefeller family come to auction? No, not directly from the Rockefeller family. The collection of David Rockefeller’s mother was bequeathed to the Museum of Modern Art (MoMA) and became part of their collection. MoMA deaccessed one in the 1960s, but it had been in the collection for decades. Technically the answer is no, no Diego Riveras for Rockefellers at auction.

 

Why is it called The Rivals? Do we see the rivals in the lower left corner? It’s actually the narrative of a festival in Oaxaca, Las Velas. Here, the confrontation goes on in the foreground. The third male [the man in the black hat] looks like he’s going to intervene, but we don’t know if they’re about to have a fight. That’s why it’s called The Rivals–the male characters.

 

The lot notes describes The Rivals as the ‘most important Rivera offered at auction in decades.’ What makes it so? A picture on this scale has not been seen for 20 years. The last great Diego Rivera was at auction in the 1990s, a much larger painting than ours, but similar subject matter. It was from the collection of IBM, and it sold at Sotheby’s.

 

How did you arrive at the estimate of $5 million to $7 million? We had some notion of  work that had transacted privately recently. $5 million to $7 million became the low estimate of what we had in mind. We thought it would be [would sell] closer to $10 million, which it did. Not that we expected that–it was a wonderful surprise. The estimate needed to be fair but with room to grow and create competition. Sometimes bidders are guarded. Everything came together in the last two days. Six to eight people were interested in the painting and pursued it to the end.

 

Can you talk a bit about the importance of its having been commissioned from Rivera in 1931 by a member of the Rockefeller family? That is important. People like to know where things have been. Only the Rockefeller family owned it. That’s one aspect. The other aspect is that 1931 is a prime year for the artist. He was much-celebrated in Mexico and globally. It made his relationship with America very fruitful and complicated. It [The Rivals] precedes the painting of the Detroit murals. In 1931, MoMA did a Rivera retrospective, and this painting was part of it. All those factors make it very special.

 

What is The Rivals like in person? Beautiful. The colors are vibrant and fresh. All we did was have a conservator superficially clean it. Some of the characters are very abstracted, especially the women in the background–just the idea of a face. It really draws you in, almost like you’re watching a movie. It’s very cinematic in that way.

 

What was your role in the auction? I had a phone [he represented a bidder on the phone], but I didn’t have the winning bid. It was a multi-departmental sale for Christie’s. It had pre-war material, American art, and Latin American art. It was very dynamic for that reason alone. It was one of my favorite sales. Not only was it important, but it felt so energetic and dynamic, and there were some surprises. Everything that sold that night, five or six parties were interested. People love to see that. It’s exciting.

 

Were you there when the previous world auction record for Latin American art was set in 2016? Yes, I was in the room. I didn’t have the winning bid that evening.

 

A work by Frida Kahlo was the previous Latin American art record-holder. Could you talk about the significance of Kahlo, Rivera’s wife, handing the honor off to him? The Frida Kahlo sold in 2016 for $8 million. The market for Diego Rivera had not really moved in the high end. We really wanted it to be at the level of Frida Kahlo. We sold it [The Rivals] and surpassed it. Now Diego Rivera and Frida Kahlo hold the top prices in Latin American art. I think it’s well-deserved.

 

How long do you think the records–for Rivera at auction, and for any work of Latin American art–will stand? It’s really unpredictable. Obviously, every season you hope, but the reality is you don’t really know. I’d like to see other Latin American artists get Mexican prices [Rivera and Kahlo were both Mexican].

 

The Rivals is pretty hard to beat, though. What could challenge it? Would it have to wait until this artwork comes back to auction? No, no. It would have to be something from a private collection. A few Frida Kahlos remain in private hands in Mexico. There are no plans for them to be sold, but maybe someday they could be. A few Wifredo Lams in Europe could do it. But it’s unpredictable, that’s the thing.

 

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Christie’s.

 

Garza spoke to The Hot Bid earlier in 2018 about a Fernando Botero Circus painting.

 

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RECORD! Summers Place Auctions Sold a Near-complete Dodo Skeleton–Yes, a Dodo Skeleton–For $430,000 in 2016

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What you see: A near-complete (95 percent) Dodo skeleton, assembled by a collector over the course of four decades. Maybe a dozen similarly complete Dodo skeletons exist, and all of them are in museums. In November 2016, Summers Place Auctions sold it for £280,000, or about $430,000, a world auction record for a Dodo skeleton.

 

The expert: Rupert van der Werff, director of Summers Place Auctions.

 

How abundant are Dodo bones, generally? Are some harder to get than others, making it difficult to piece together a fuller skeleton? The way bones are found are by people walking through the swamp [on Mauritius]. Given that they come from one small swamp on one small island from one small species, they’ve never been particularly abundant.

 

When did Mauritius ban the export of Dodo bones? It became illegal in 2016, but it was generally considered unacceptable post-World War II.

 

Did the collector who consigned the skeleton set out to piece one together, or did he realize after several years that he was most of the way to a complete Dodo? He was a passionate collector of all things Dodo-related. He’d been acquiring bones as they popped up. He came to the realization that he may well have a skeleton, started piecing it together, and realized he did indeed have a skeleton.

 

How did the Dodo skeleton come to you? We’ve sold a diplodocus, a mammoth, and an allosaurus–we’ve had some pretty fabulous star lots. The publicity and the prices we managed to achieve certainly alerted the person to us. In a way, it was natural for him to come to us.

 

But how did you learn of its existence and come to receive it? I got a call. He said what he had. It was so unlikely, but there was a chance it could actually be true. He was a few hours away. I popped in my car and went as soon as it was practicable. It was in his shed. He had mounted it. Even I, who wouldn’t pretend to be an expert, could see it was the real deal. I took pictures, talked to the owner, picked it up, and drove very carefully back to work to start the publicity rolling.

 

What do you do in a moment like that? I mean, he may as well have shown you a unicorn skeleton. Did you try to maintain a poker face? It is something of a Holy Grail in terms of natural history. If I’d tried to remain straight-faced, it wouldn’t have worked. It was quite extraordinary, not something I ever dreamed would happen.

 

How did you put an estimate on it? There aren’t really Dodo comparables other than the skeleton that sold in 1914. I tried to negotiate with the owner for the lowest estimate he would consider acceptable and use the auction for what auctions can do–establish what something is worth on any one day.

 

What was your role in the auction? I was on the phone with a a pretty serious collector we’ve done a lot of business with in the past.

 

Were you surprised by the result? I was pleased it sold, of course. But when you find something as rare as this, as iconic as this, as exciting as this, you can’t help but getting a little carried away in your imagination and think it can go on and on.

 

In the material that Summers Place assembled to promote the Dodo, you noted that the last time a Dodo skeleton sold was in 1914. The Cardiff Museum paid £350 for it, but you estimate that because Britain was on the gold standard back then, the sum is equivalent to £5 million, or $6.5 million. Does this mean that the 2016 bidder got a bargain? I think so. As far as anyone knows, there’s only one in private hands. Any future discoveries belong to Mauritius. It’s unique. That word is used a lot in the art world, but it’s rarely true. In this case, it actually is. Frankly, it could have made anything [sold for anything].

 

And the only way this record will be beaten is if this particular Dodo skeleton returns to auction? Yes. There are no others unless a museum deaccessions, which isn’t going to happen. If it’s back to market, that’s the only chance there is.

 

Why are we still so fascinated by the Dodo, a bird that went extinct centuries ago? It’s clearly quite an unusual animal, and it does look a bit unfortunate. To think it existed on one little island in the Indian Ocean 300 years ago and man wiped it out, it’s incredibly sad. If it were a better-looking animal, it wouldn’t figure in the public consciousness. But it’s got a great name and an unfortunate look. Like a T-Rex, everyone has heard of one. And there are more relatively complete T-Rex skeletons than Dodo skeletons, which puts it into perspective, and shows you how special it is.

 

Why does this Dodo skeleton stick in your memory? Because I never considered… when I got the opportunity to include a diplodocus, I couldn’t believe it. Never in 100 years would I dream of handling a diplodocus skeleton. It’s right up there, one of the icons of natural history. If I handle a T-Rex, that’d also be incredible, and there’s probably more of a chance of getting a T-Rex than a Dodo. If anything, things like this almost transcend monetary value. It’s surprising that a private individual was able to secure it.

 

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Summers Place Auctions.

 

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RECORD! Doyle Sells the 1953 Preakness Trophy Given to Alfred Vanderbilt, Jr, Owner of Native Dancer, for $100,000

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What you see: A sterling silver Preakness Trophy, won in 1953 by Alfred Gwynne Vanderbilt, Jr., owner of the thoroughbred Native Dancer. Doyle sold it in May 2018 for $100,000 against an estimate of $20,000 to $30,000, which is a world auction record for a Preakness Trophy.

 

The expert: Peter Costanzo, senior vice president at Doyle as well as its executive director for books, autographs, and photographs; coins, bank notes, and postage stamps; and estate and appraisal services.

 

How often do Triple Crown trophies come to auction? Infrequently, and for the Preakness, it’s even less frequently. What you normally see are Kentucky Derby Trophies. They’re highly prized by the families who win them. Kentucky Derby Trophies tend to be valuable. The race has name recognition and the trophy is made out of high-karat gold. The Preakness Trophy is made of silver. A Preakness trophy sold at Christie’s on January 17, 2008, won in 1970 by Personality, which was owned by Ethel D.Jacobs, a very notable horse owner, sort of on a par with Vanderbilt. [He later provided a link to a story that mentioned a third sale of a Preakness Trophy at SCP Auctions in November 2017. Scroll down for the mention.]

 

How much is this trophy worth simply as a Preakness Trophy, without factoring in the names of Vanderbilt and Native Dancer? Any winner of the Preakness would be a notable horse, bred and raised and trained by notable owners. You’ve got to go back a ways to find a no-name. The Preakness trophy was not available before 1953. The original trophy was the Woodlawn Vase, a pre-Civil War trophy made by Tiffany & Co. for a racecourse in Kentucky called Woodlawn. Not until the late 19th or the early 20th century did Pimlico host the Preakness–the vase was not made for Pimlico. It passed to the next winner until 1953, when Native Dancer won. Vanderbilt decided that the original trophy was too valuable, and should be safely held in the Baltimore Art Museum. 1953 was the first time a replica trophy was issued, and that’s what we sold. It’s notable in that it was the first one you could get. I think that helped its price in the end.

 

How did the Vanderbilt name affect the value of the trophy? Lots of people collect things related to prominent Vanderbilts. The cross-current of competition [with collectors of horse-racing memorabilia] helped drive the price up. This trophy belonged to Alfred Gwynne Vanderbilt, Jr., and was sold [consigned] by Alfred Gwynne Vanderbilt III. Vanderbilt Jr., was very influential in the history of American racing and particularly in Maryland.

 

And how did the Native Dancer name affect the value of the trophy? Native Dancer is one of a small group of horses that lost the Kentucky Derby but won the Preakness. That’s the only mar on his record. He was a big favorite going into the Kentucky Derby and the Preakness. In 1953, the Preakness was shown on live television and got huge national attention. The country fell in love with Native Dancer.

 

How did you arrive at the estimate of $20,000 to $30,000? We matched the estimate on the trophy sold at Christie’s in 2008. That sold for $32,200. Ours really took off.

 

What is the trophy like in person? It wasn’t huge, but it was imposing, though. It had a very nice look to it, and it was in good condition. I think it was two-thirds the size of the original Woodlawn Vase. It’s a good, presentable size.

 

What was your role in the auction? Were you in the room? I acted as a specialist. I wrote the essay about the horse and its owner. The silver specialist cataloged it. And I was there, watching it sell. The whole thing took maybe two minutes. There was a pretty big pool of bidders that dropped down to two once it was over $60,000.

 

How long do you think the record will stand? I think this Preakness record should stand for a while. Probably none of the owners of horses that won the Preakness have the name recognition of the Vanderbilt family. It would probably have to belong to a horse that won the Triple Crown.

 

Why will this piece stick in your memory? It’s a major sports collectible, probably the highest-ranking sports collectible I’ve ever sold. It’s a case of a fantastic owner, Vanderbilt, with a fantastic horse, Native Dancer, and the Preakness. It’s hard to get trophies for major horses. That’s why it’s special. The trophy clearly spoke to a lot of people.

 

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Doyle.

 

Doyle is on Twitter and Instagram.

 

 

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RECORD! Rago Sold a Dale Chihuly Chandelier in 2015 for $200,000

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What you see: A white, clear, and amber chandelier, measuring ten feet tall, five feet wide, and four feet, eight inches deep, made by Dale Chihuly in 2004. Rago Auctions sold it in June 2015 for $200,000 against an estimate of $60,000 to $80,000.

 

The expert: Suzanne Perrault, partner and co-director of Rago’s 20th and 21st century design department.

 

How did this chandelier come to be? Was it a commission? Is it unique? It is a commission, and it is unique. The chandeliers usually are. These weigh hundreds of pounds, and they’re not technically chandeliers–they’re glass sculptures. Each is unique, but Chihuly has made quite a few of them.

 

Where was it displayed originally? It was for a residence in New York City. I came to have it because a gentleman who bought the house with the piece in it had a three-year-old son who was terrified of it. He contacted us about selling it.

 

How did you sell this huge, fragile chandelier? Did you bring it to the sale room? We didn’t put it up in the auction house. It’s pretty much the only thing we’ve sold by a photo only. It was available to be seen in situ in New York. We had a banner of it made to scale to hang in the gallery.

 

Was it tricky to sell it largely on the basis of a photo? Yes and no. There are so many items people buy without seeing in person. A lot of people seem to be comfortable with that. I always encourage people to see things in person, but of the four who saw the chandelier in person, none bought.

 

Just how fragile is this chandelier? The glass in these is considerably thicker than other Chihuly glass. It’s definitely sturdier.

 

The colors of this chandelier are white, clear, and amber. How did that affect its value? It’s actually white, clear, and gold. It has done considerably better than multicolor ones that have sold subsequently. It’s pretty fancy. It may look a little plainer in the photo than in reality.

 

Have other Chihuly chandeliers gone to auction? How did they do? Chandeliers are the pieces by Dale Chihuly that bring the most. The closest price was $158,500 at Heritage in Texas in May 2013. Another at Wright didn’t sell.

 

What condition was this one in? It’s hard to tell, and it’s kind of irrelevant. When the chandelier is designed, it’s always an organic process. There’s no finite number of elements going in. The person putting it up for the original purchaser asks them if they have enough elements, or if they want it fuller.  If the client insists, elements can be replaced by the Chihuly studio.

 

How many elements does it have? About 700 pieces, and it took about a week to install [in the home of the winning bidder].

 

What was your role in the auction? I was calling the auction. There was tremendous interest in the lot.

 

What stands out about the experience of selling it? When the underbidder asked me to go for a half-bid, and I said no.

 

What’s a half-bid? Bids go up by increments that are codified in the catalog. They go up by a certain amount until we hit a cap. Maybe we’d gotten to $150,000, and maybe he said give me a half-bid when it should have been $10,000. It could have been that. The people who bought the chandelier were very grateful, and it cemented our friendship after that. I hate half-bids. These are lovely items. No one really needs them. They’re luxuries. I don’t think half-bids are fair to other bidders who are willing to go to the full increment. There were many underbidders.

 

How many bidders were in the hunt? We started with ten, which is a lot for piece at that level. And you should know about the chandelier–it is quite large. There are not a lot of places that can afford [to set aside] that kind of space, and it’s expensive to put up. There’s one company Chihuly recommends and will stand behind [to install his works], and it’s done a ton of them. The company needs to be there many days. It’s a big job, and it’s costly. This is not like buying a sculpture that’s ready to put on a center table. It’s a lot more complicated.

 

How long do you think the record will stand? I have no idea. There’s quite a few of these Chihuly chandeliers. There’s a spectacular red chandelier in a home in Philadelphia that overlooks the city. It’s right there in the middle of the room, and it goes from the ceiling almost all the way to the floor. It looks like an upside-down Christmas tree. It’s magical. How much would that do? I don’t know. That’s the magic of auctions.

 

What is this chandelier like in person? It’s lovely. It’s so wonderful because of how they [the winning bidders] set it up. It’s in a four-story house which is industrial and modern, all glass and steel. You walk up the stairs, which curl around this piece. It’s a real show-stopper. It couldn’t look any better. It was meant to be there.

 

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Rago Auctions.

 

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RECORD! Stack’s Bowers Galleries Sold Louis Eliasberg’s 1913 Liberty Head Nickel for $4.5 Million

Copyright StacksBowers Galleries

Update: The Eliasberg 1913 Liberty Head nickel sold for $4.5 million, a world auction record for a coin made from a non-precious metal.

 

What you see: A 1913 Liberty Head nickel, one of five produced. Stack’s Bowers Galleries estimates it at $3 million to $5 million.

 

The expert: Brian Kendrella, president of Stack’s Bowers Galleries.

 

I see here that five 1913 Liberty Head nickels were made–not that five survive. What do we know about how the nickels came to be? The history of the 1913 Liberty Head nickel is a little murky and there’s a lot of lore to it. That’s one of the intriguing aspects of this coin. There’s no confirmed story, and there’s no U.S. Mint records surrounding the 1913 Liberty Head nickel. But there are a couple of theories. One is they were struck and exchanged with collectors for coins that were missing from the Mint’s collection. Another is they were privately struck at the Mint and they found their way onto the market, or they were struck for wealthy collectors. 1913 was the first year of the buffalo nickel. Because the buffalo design was not approved until late February of 1913, there was a two-month period in 1913 when the nickels could have been made.

 

And the Liberty Head design on the 1913 nickel is the same design that was on the nickel from 1883 to 1912? Yes, it’s the same. In 1913, the Mint switched to the buffalo nickel that everyone is so familiar with.

 

How many of the five 1913 Liberty Head nickels are in private hands? Two are permanently housed in museums–one is in the Smithsonian, and the other is in the American Numismatic Association (ANA) Museum in Colorado Springs, Colorado. That leaves three in private hands.

 

When was the last time a 1913 Liberty Head nickel went to auction? Two nickels were offered in 2014. They were two different specimens, and one of the two was previously offered in 2010. Prior to that, the last auction appearance was our coin in 1996. They do not come around very often.

 

When was this nickel graded? Was it encapsulated? It is encapsulated, and I do not have the date when it was graded. Our collector acquired it in 2007. I’m guessing it was around then.

 

Are the other two in private hands graded and encapsulated? And is it a tough call to seal the coin in plastic? You bring up a good point. There are a lot of benefits to certification and getting it sealed in a plastic holder. One, the coin is guaranteed to be authentic. If you’re spending a couple of million on something, an authenticity guarantee is important. Two, it’s protected. And most important of all, having it third party-graded and encapsulated is really the way the market accepts rare coins today. Everything we sell is encapsulated. It does feel a little more bit more distant because it’s in a plastic holder, but it’s really not a hard decision to have them graded.

 

How does this nickel stand out from its four siblings? It’s pretty universally recognized that this is the finest of the five pieces. Ours is mirror-like, and very sharply struck. All the design shows up in the coin. It’s a 66 on a scale of 70. It’s nearly flawless. The other two in private hands have grades of 63 and 64. The others have more of a satiny finish, and other coins do show some signs of handling. The one in the ANA museum was owned by someone who carried it in his pocket, unprotected, with keys and change, and it shows significant signs of wear.

 

This nickel once belonged to Louis Eliasberg, a prominent American coin collector. Why was he such a big deal in the numismatic world? He was probably the most accomplished numismatist ever. Not only did he get examples of every [American] coin ever created, he got great pieces. Today, everything with an Eliasberg provenance trades at a premium.

 

How many of the five 1913 Liberty Head nickels has Stack’s Bowers Galleries handled? We’ve handled four of the five. The one in the ANA museum never made it through our hands at any point.

 

What’s the world auction record for a 1913 Liberty Head nickel? What’s the likelihood that this nickel will meet or beat that sum? In 2010, the nickel with the 64 grade sold for $3.7 million. It’s pretty likely to meet or beat the record. I’ll take the over if we’re betting. (Laughs.)

 

What has changed in the numismatic market between 2010 and now? The market is very strong right now. Given the fact that the coin has not been offered publicly since 1996 and may not be offered again in our lifetime, depending on who buys it, we expect a lot of competition for the coin and we expect it to do well.

 

Why will this coin stick in your memory? It’s far and away the finest example of one of the greatest American rarities. It’s a piece of American history. It’s museum-worthy.

 

How to bid: The 1913 Liberty Head nickel is lot 1096 in Stack’s Bowers Galleries‘s official auction at the American Numismatic Association’s World’s Fair of Money, taking place from August 14 through August 18, 2018.

 

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Text is copyright Sheila Gibson Stoodley. Image is courtesy of Stack’s Bowers.

 

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RECORD! Prop Store Sold a Wooden Clapperboard from Steven Spielberg’s Jaws for More Than $109,000

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What you see: A wooden clapperboard that Steven Spielberg used on the set of the 1975 blockbuster horror movie, Jaws. Prop Store sold it in September 2016 for £84,000, or $109,000–a record for any filmset-used clapperboard at auction.

 

The expert: Stephen Lane, CEO and founder of Prop Store.

 

When did major film productions stop using wooden clapperboards and start using digital ones? That’s tough to answer. Probably in the early 1990s it started to happen. There are still productions today that use analog acrylic clapperboards. There’s still a crossover going on.

 

How often do set-used wooden clapperboards from legendary films come to auction? I don’t know of any clapperboards sold at this level previously.

 

What was the previous auction record for a set-used clapperboard? Probably a second unit Star Wars: The Empire Strikes Back clapperboard, which sold for £27,500 a few years ago. Clapperboards are something that collectors locked onto within the last five years. The collectors we speak with aspire to collect objects that were used before the camera.

 

It strikes me that even before the collecting mentality became ingrained, clapperboards were likely to have been saved because they say, ‘Hey! We made a film!’ Is that a fair assumption? It’s a double-edged sword. A lot of clapperboards come directly from crew members who worked on the films. A lot bring them home from every film they’ve ever worked on, and hang them on the wall and will never part with them. With some clapperboards, the information was taken off to rewrite it for the next film. I’ve seen clapperboards from Star Wars and Indiana Jones, but I’ve never seen one for Wizard of Oz or Gone With the Wind. They probably finished the film, got the paint off it, and got the clapperboard ready for the next film. There was a huge amount of recycling.

 

Have you handled any other clapperboards from Steven Spielberg films? We had a Raiders of the Lost Ark clapperboard in 2014, a small insert clapperboard. They make them in a variety of different sizes. For a shot on the top of a mountain in Lord of the Rings, they [the LOTR crew] made one that was 8 feet wide. I’ve seen other Indiana Jones ones but clapperboards are tough to pin down. There’s not a huge volume of those around and they don’t pop up very often.

 

What details on this clapperboard, aside from the obvious, prove that it is a genuine set-used clapperboard from the filming of Jaws? It’s incredibly distinctive. It’s very specific, with the cut teeth, which was hugely endearing to a number of collectors. And there’s a photo of Steven Spielberg holding the clapperboard on the set. It was not only used in Jaws and made for Jaws, Steven Spielberg held it on the set. That’s part of the huge appeal of this particular piece.

 

How big a deal is it to have this period photo of Spielberg holding the clapperboard? Would the clapperboard be worth less if the photo did not exist? Yes, I would say so. Because they were wiped and redetailed with chalk, it’s very unusual for final shot info to be retained on an individual clapperboard. A lot of these slates originated as rental items that productions used to hire. To get one with all the info on it and match it against a photo, it’s very tough.

 

Is it unique? No, I’ve had a couple of screen-matched boards in the past. But it’s rare, especially for a significant film.

 

Do we know how many clapperboards were made for Jaws and used on the set? There’s no record whatsoever. I can say quite comfortably that the only Jaws clapperboard that’s ever come to market.

 

As you mentioned before, the clapperboard is decorated with a line of shark teeth. If it lacked that cool little flourish, would it still have made a record price? Again it’s tough for me to speculate. I hadn’t seen a Jaws clapperboard before. I think it [the lack of the teeth detail] would have definitely impacted it, but I can’t say it’d be 20 percent less valuable. It is one of the most endearing features of the board.

 

How often do you see decorative flourishes like that on a clapperboard? Almost never. The most elaborate thing you get these days is the film logo laser etched on an acrylic clapperboard. You don’t see ones that are nearly as entertaining as this.

 

What was your role in the auction? I was in the room. I went and sat with the consigner. He wanted to be part of the experience of it selling. Because of the level of interest prior to the auction, we knew it was going to be an exciting moment. It got a massive amount of publicity. People loved it and the press ran with it. It was such an exciting moment for him and for me. He was over the moon, and I was over the moon with him.

 

Can you talk about how the consigner reacted? He got more and more excited. He looked at the screen, he looked at me, then back at the screen, and his jaw dropped a bit more. After it finished he had to leave the room, he was so excited. He had to have a drink to calm his nerves.

 

When did you know you had a new world auction record? By the time it got to £30,000. At that point, we were there.

 

How long do you think this record will stand? I haven’t seen anything that comes remotely close to this. Maybe if a Star Wars: A New Hope clapperboard came up, but it’s unlikely any survive. If a Wizard of Oz or a Gone With the Wind clapperboard came up, they’d be worth tens of thousands. This really was the perfect storm. An interesting-looking clapperboard, the most interesting film in Spielberg’s back catalog, brilliantly documented, and a huge amount of production use. It ticked all the boxes you want to tick.

 

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Prop Store’s September 20, 2018 auction will include Harrison Ford’s screen-worn Han Solo jacket from Star Wars: The Empire Strikes Back, Rose’s farewell note from Titanic, and also a Jaws lot with 40 storyboard pages and a crew t-shirt.

 

Text is copyright Sheila Gibson Stoodley. Image is courtesy of Bonhams.

 

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RECORD! Wright Sold A High-end 1935 Walter Dorwin Teague Radio (Yes, That’s a Radio) in 2015 for $149,000

Teague Radio

What you see: A Nocturne radio, model 1186, designed by Walter Dorwin Teague for the Sparton Corporation in 1935. Wright sold it in November 2015 for $149,000 against an estimate of $70,000 to $90,000–a record for any work by Teague.

 

The expert: Richard Wright, president of Wright auction house.

 

Sparton unveiled the Nocturne in 1935, during the Great Depression. It was priced at $350 to $375, which means it almost cost as much as a car. Who would have been the market for this high-end radio? It was always a Cadillac premium item, not intended for the masses. They didn’t sell a lot of them, but it was marketed to high-end posh interiors–hotels and similar venues. They did it as futuristic branding of the company as opposed to selling a lot of these.

 

I look at the Nocturne and to me, sitting here in the 21st century, it still seems futuristic. Do we know how the public reacted to the radio at the time? People looked at it and felt optimistic about the future. The fact that it came out at the depths of the Great Depression spoke to the idea that there was real hope and promise in technology. Things are different today, but the promise is out there that technology can make the world better. We still do that. Computers and technology products tend to be futuristic in design.

 

This represents an auction record for a work by Walter Dorwin Teague, but is it also an auction record for any radio? It seems to be, but I can’t verify that. There are auction databases, but you can’t just search on radios. Enigma machines have a radio component, but that’s a different category. For a straightforward radio, I do think it’s a record.

 

Could you explain what the yellow dial at the top does? I think it’s the frequency tuner. This radio works but we were very reluctant to plug it in. I didn’t play around with all the things it could do.

 

And the black box at the bottom is the speaker? Yes.

 

And the ladder structure and the blue glass–is it decorative or functional? Does the glass help amplify the sound? It’s purely aesthetic. There’s no functional aspect to that.

 

About two dozen Nocturnes survive, and they pop up at auction every now and again. How does this one compare to the other examples? This was a particularly good one. It had been incredibly restored, and there had been a carefully documented restoration of it. There’s a relatively small number of buyers for these today. The best buyers for us for these have been museums.

 

What is this radio like in person? It’s impressive. I think the reason it’s collected today is it’s a visually iconic symbol of industrial design and American Art Deco. To your point, it still looks very modern today and very pared down and pure in its expression. And it’s big, physically big. It was meant to be a real show-stopper. There was a tabletop version. I think it was called a Bluebird. There are many more of those, but it doesn’t at all have the presence of the Nocturne. This is bigger, and you can see yourself in it. It’s a pretty interesting experience to stand in front of it.

 

What does it sound like? I did hear it on. I didn’t play with it, didn’t tune it to different bands. It’s hard to gauge the sound quality. We’re pretty spoiled now [as far as expectations of sound quality]. It has a pretty big sound, but a mono speaker.

 

What drove the price of this Nocturne so high? There were five active bidders, which is significant at that level. I think it was a fantastic example, historically documented, we did a good job telling its story, and it had the nice element that part of the proceeds went to charity. If you were waiting to buy one, this was the one to buy, and people recognized that.

 

How did you arrive at the estimate of $70,000 to $90,000? It was based on comparables that existed. We’d handled Nocturnes before, and we knew this was a great one. The estimate was fairly aggressive. We did sell one in 2003 to the Dallas Museum of Art for over $100,000 on an estimate of $50,000 to $70,000. The consigner was the widow of the radio enthusiast, but she had a good sense of the market. She also played a part [in the estimate]. She wanted to honor her husband’s legacy and wanted a significant price, for sure.

 

What was your role in the auction? I was the auctioneer. I don’t remember much. Auctioneering is very much a flow activity. You’re very concentrated. You try to respond with energy and try not to make a mistake and then you go to the next lot.

 

When did you know you had a record? Records are nice, but it wasn’t first and foremost in my mind. I didn’t go into it hoping to break a record, but I know the benchmarks. I handled the consignment myself.  It was her husband’s legacy, his favorite radio. I felt proud that I had told the story of the radio, put it online, linked to her husband’s blog, and got a great result. That’s the best of my work. I helped myself, I helped somebody, and I preserved history. I feel super-proud of that. And I want it [the lot listing] to be out there as a resource for people who find it.

 

What else is out there by Walter Dorwin Teague that could challenge this record? Teague designed a wide range of things. Nothing else would touch it in his oeuvre. It’d be another Nocturne. That’s the only thing that would get back up there.

 

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The Nocturne’s previous owner, the late Roger E. Dillon, created a website about the exquisite radio and how he restored it.

 

Text is copyright Sheila Gibson Stoodley. Image is courtesy of Wright.

 

 

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