Skip to main content

At the recent Peggy and David Rockefeller three-day long, US$828-million estate sale at Christie’s in New York, artworks by big names such as Picasso, Matisse and Gauguin sold for hundreds of millions of dollars.

But a profusion of statuary, antiques, silverware, and what can only be called very high-end knickknacks, were also hot: One winsome Meissen figure of shepherds sold for $25,000, five times its high estimate.

Similarly, the type of dark, wooden furniture favoured by the Rockefellers hasn’t been showcased in design magazines in decades, but estate-sale bidders couldn’t get enough of it. One tripod table sold for $13,750, above a high estimate of $5,000, and an armchair went for $35,000, above its high estimate of $6,000.

Story continues below advertisement

Christie’s offered previews of the collection of Peggy and David Rockefeller, a vast trove of paintings, furniture and porcelain. The sale of more than 1,500 Rockefeller belongings attracted some of the art and antique worlds’ biggest collectors.

BENJAMIN NORMAN/The New York Times

This sudden popularity of historical decoration “suggests two things,” wrote their son, David Rockefeller Jr., in an e-mail. “First, that there are many people who, quite touchingly, would like to have ‘a piece of the Rock’ – as you might call it – at a reasonable price.” Second, he wrote, “the buying public increasingly recognizes quality both in utilitarian objects [like chairs and silverware] and in strictly decorative objects as well.”

It’s undeniable that the Rockefeller name, synonymous with banking and philanthropy, is a major draw. It’s also possible that the Rockefeller sale, with its global, multimillion-dollar marketing effort spearheaded by Christie’s, made buyers realize that there’s an aesthetic that transcends the so-called “five-star hotel” style of generic, location-less good taste.

It’s anyone’s guess, but what we do know is that, amid the thousands of objects that sold, some stood out. (All of the estate proceeds are to benefit selected charities that Peggy, who died in 1996, and David Rockefeller, who died in 2017 at 101, supported in their lifetimes.)

Silver worth its weight in gold

A silver ice pail, purchased by Mr. Rockefeller in Mexico in 1995, was estimated to sell from $800 to $1,200. After furious bidding by phone, internet, and in the room, it hammered to a man sitting at the rear of the auction house. With premium, its total was a stunning $50,000.

A new record for Fairfield Porter

There was never doubt that the spectacular pieces of blue-chip European art would sell. How the American art, which can sometimes appeal to a more limited audience, would fare was a more open-ended question. Happily, many of the American works in Rockefeller’s collection went gangbusters, including a 1965 painting by Fairfield Porter, The Schooner II. Estimated from $1-million to $1.5-million, it set a new record for the artist when it sold for $1.93-million.

The collection included furnishings from the town and country homes of the couple. The sale set a record for the most valuable private collection sold at auction.

BENJAMIN NORMAN/The New York Times

Double Rockefeller provenance

Pablo Picasso's 1905 painting "Fillette a la corbeille fleurie," once hung in the library of the Rockefeller's Manhattan townhouse on East 65th St. The painting sold for $115-million.

The Associated Press

“The most stunning success so far among the decorative works,” David Rockefeller Jr. noted, “Was a George lll writing table at which my mother used to write her eloquent morning letters.” The table had been acquired in 1913 by John D. Rockefeller Jr. (David Rockefeller’s father), who used it at Kykuit, the family’s New York estate, until 1960. The piece has been in the family, in other words, for generations, and that seemed a powerful draw for multiple bidders. Estimated to sell from $8,000 to $12,000, it sold, with premium, for $360,500.

Pricey picnic serving ware

A present made to David Rockefeller by King Hassan II of Morocco in 1986, the wicker basket and picnic set from Asprey contained ruby glass drink ware bearing the king’s monogram, silver-plated serving ware including a “silver-plated sugar caster” from Christofle, a set of flatware for 12 (including dinner forks, luncheon forks, and cold meat forks), all stored in a red-leather-lined interior. It was estimated to sell for $10,000. Its final price: $212,500.

Story continues below advertisement

A duck that cost more than a house

If one thing was certain when the (gold) dust settled at the end of the Rockefeller sale, it was that the duck decoy market remains bullish. This whistling swan, made by John Haynes Williams in 1910, sold for $348,500, more than double its high estimate of $150,000.

An actual bargain

Henri Matisse's "Odalisque couchée aux magnolias," in the Hudson Pines residence of David and Peggy Rockefeller, in Sleepy Hollow, N.Y. It went for $80.8-million, a record for a work by the artist at auction.

The Associated Press

Watching the sale, it was easy to get jaded as record followed record. If a work didn’t sell for multiples of its high estimate, it felt disappointing. So when Pierre Bonnard’s Boulevard des Batignolles, estimated to sell for $800,000 to $1.2-million, sold for just $250,000, it was genuinely shocking. That’s particularly true when it comes to this work, which Mr. Rockefeller bought in 2006 for $856,000. Whoever bought it, in other words, paid less than a third of what Mr. Rockefeller had paid – more than a decade later.

Bowled away

Before the sale, Christie’s representatives had spoken of a strong level of interest from Asian bidders. Without knowing just how many lots sold to people in the region, numerous lots that would appeal to Asian buyers skyrocketed past their original estimates. For instance, a blue and white bowl from the Chinese Xuande period (1426-1435), which the Rockefellers had kept in their house in Maine, carried a high estimate of $150,000 and sold for $2.8-million.

A very expensive surrey

Mr. Rockefeller was known to drive a horse and carriage for fun around his estate in Westchester, and several of the buggies and surreys he used came up to auction. The estimates were admittedly almost absurdly low; this one, from the late 19th or early 20th centuries, carried a high estimate of $2,500. Even so, its total of $81,250 is surprising. That’s a 3,100-per-cent increase.

Report an error
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter