Record Set For A Rare Harris Algoma Sketch at Consignor Inaugural Live Auction

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Image courtesy Consignor Canadian Fine Art

Lawren Harris, "Algoma (Algoma Sketch 48)," c. 1919/20

Lawren Harris, "Algoma (Algoma Sketch 48)," c. 1919/20, oil on panel, 10.5" x 14"

Algoma Sketch 48, a rare preparatory oil sketch by Lawren Harris debuted on the auction block at Consignor Canadian Fine Art’s inaugural live auction event May 31, 2016 in Toronto, fetching $977,500.(significantly above its pre-estimate of $400,000 – $600,000; all prices include a 15 per cent buyer’s premium). The sale set the record for the highest-selling Algoma sketch by the artist at auction, tripling a previous Harris sketch, Herbert Lake Algoma, which sold for $304,000 in 2013.

Harris painted Algoma Sketch 48 in 1919/1920 during the time when the Group of Seven officially formed as an association of painters. Consignor acquired the exceptional oil sketch from a private seller halfway across the globe in Australia, whose family originally acquired the work from the Toronto-based Mellors-Laing Galleries in 1940.

“The value of this particular Harris piece stems from its rarity as an unknown preparatory work for four of the artist’s well-known large canvases,” said Consignor’s Managing Director Lydia Abbott. “That, combined with an increased interest in Harris’s artwork, made for a truly exceptional centerpiece for our Spring Auction of Important Canadian Art.”

Two other Harris works also fared well at the auction: House, Toronto sold for $115,000 and Shacks sold for $103,500. Additional highlights include:

• Jack Bush, Complete Portfolio of Five Prints – $57,500 (more than triple its pre-sale estimate of $15,000 – $20,000)
• Frank Hans Johnston, A Rocky Corner – $48,300
• A.J. Casson, Jackknife Bay – $34,500
• William Kurelek, Stop Thief! – $34,500 (more than double its pre-sale estimate of $14,000 – $18,000)

“We are thrilled with the performance of our first-ever live auction”, said Rob Cowley, President of Consignor. “The success of the auction not only cements a new tradition for Consignor but also establishes Consignor’s role among Canada’s most notable art auction houses.”

Report courtesy Consignor Canadian Fine Art.