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VANCOUVER. APRIL 12 2012. Kate Bellringer, Contemporary & Canadian Art curator for Maynards, hangs an untitled Tom Thomson ( right ), oil on plywood painting, Vancouver, April 12 2012. The other paintings are a Sybil Andrews ( bottom left ), Barker Fairley ( top left) and a Frederick Horsman Varley ( centre). Gerry Kahrmann / PNG staff photo) Hockey For Sun Entertainment [PNG Merlin Archive] Photograph by: Gerry Kahrmann , Vancouver Sun
A Tom Thomson painting bought at a garage sale in east Vancouver sold for $126,500 at a Maynard’s auction of Canadian art Wednesday night.
There was no provenance behind the painting, which led some people to question whether it was by the legendary Canadian painter, who produced only a few hundred works before he drowned in 1917 at the age of 39.
But a few bidders were undetered by its mysterious past, starting off the bidding at $50,000 and going up in increments of $10,000 and then $5,000 before the final hammer price of $110,000. With Maynard’s 15 percent commission, that makes the final price $126,500.
The painting is said to have been purchased along with a watercolour by Frederick Varley for $100. The Varley brought a hammer price of $6500, or $7475 after commission. Which means the $100 investment gave a return of $133,975.
Maynard’s had the painting authenticated by Thomson experts before putting it up for auction, though it declined to name which experts. It depicts a hilly shoreline along a lake, topped by a swirling mass of blue/ pink/ purple/ white clouds.
The painting had been estimated at $150,000 to $250,000. Auctioneer Barry Scott clearly thought the painting went for a bargain price. Working hard to get bidders off their hands, at one point he said “it should be three times this.”
via: the vancouver sun
Read more: http://www.vancouversun.com/Garage+sale+Thomson+sells/6634052/story.html#ixzz1v68dkE1B