Art Market

Sotheby’s will auction three Georgia O’Keeffe paintings to benefit the artist’s museum.

Nate Freeman
Oct 16, 2018 3:38PM, via press release

Georgia O’Keeffe, Cottonwood Tree in Spring, 1943. Est. $1.5–2.5 million. Courtesy Sotheby’s.

Sotheby’s announced Tuesday that it will sell three works by the American master Georgia O’Keeffe that have been consigned by the Georgia O’Keeffe Museum in Santa Fe, New Mexico, to benefit its acquisitions fund. The three works could bring upwards of $30 million: a rare New York City streetscape from 1926 is expected to sell for as much as $18 million; an iconic flower painting from 1928 could sell for up to $12 million; and a later canvas, Cottonwood Tree in Spring (1943), is expected to sell for as much as $2.5 million.

The benefit consignments come four years after the museum sold Jimson Weed/White Flower No. 1 (1932), also to benefit its acquisitions fund, and saw it achieve a price of $44.4 million, a record for a work of art by a female artist at auction. It was acquired by the Crystal Bridges Museum of American Art.

In statement, Robert A. Kret, Director of the Georgia O’Keeffe Museum, said:

Museum leadership, with the endorsements of the donors and Board of Trustees, selected these works to deaccession after very careful and thoughtful consideration. Removing an artwork from the collection is never an easy thing for any museum to do, but it is an integral part of good collections management to continually build and refine our holdings.

Of the consignment, Grégoire Billault, head of Sotheby’s Contemporary Art Department in New York, said: “Georgia O’Keeffe remains one of the most singular artistic voices of the last century—nothing looks like an O’Keeffe—and the diversity of this particular group of paintings touches upon the breadth and depth of her iconic career.”

Georgia O’Keeffe, A Street, 1926. Est. $12–18 million. Courtesy Sotheby’s

Georgia O’Keeffe, Calla Lilies on Red, 1928. Est. $8–12 million. Courtesy

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Nate Freeman
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