1924 American Artists Etchings
Appraised Value: $90,800 - $91,300
IMAGE: 1 of 7
Appraisal Video: (2:43)
Prints & Posters
Director, Works of Art on Paper
Swann Auction Galleries
GUEST: I got them from an estate sale about ten to 15 years ago.
APPRAISER: And do you recall what you paid for them?
GUEST: I think it was for a stack of paper materials, and I think I paid $50. And this was mixed into the stack.
APPRAISER: This group of six etchings were all issued together in 1924 in a portfolio that was issued by The New Republic, which was a popular magazine in New York at the time.
APPRAISER: And this was an attempt for them to raise some funds and to look cultured. And they went and commissioned six prints by very well-known artists at the time. They issued the set in an edition of around 500. Now, the price of the portfolio originally in 1924 was about what you paid for it,
GUEST: Oh really?
APPRAISER: only about 15 years ago. The first one is an etching by Ernest Haskell. And then down here you have a print by Peggy Bacon. That one's also titled The Promenade Deck. Up here in the upper center is an etching by John Sloan. That's called Bandit's Cave, which is a popular Prohibition bar in New York. Down here is an etching by Kenneth Hayes Miller. Up here is an etching of downtown New York, sort of abstract scene, by John Marin. And then this one here, closest to me, is an etching called Night Shadows by Edward Hopper. When this portfolio was put together in the early 1920s, these artists were of a similar popularity and sort of a similar value, too. Now, 80-plus years later, you can really see how artist markets change. So I'll give you replacement values on these, if you were to insure them today.
APPRAISER: The Haskell etching is around $300 to $500. The Bacon print is going to be around $3,000.
GUEST: Oh, geez.
APPRAISER: The Sloan Bandit's Cave, that's around $2,000 now. The Kenneth Hayes Miller is close to the Haskell there, but a little bit more, probably around $500. The John Marin downtown New York, now a current replacement value on that is going to be about $10,000.
GUEST: Oh, my gosh.
APPRAISER: And finally, saving the best for last here, the Hopper Night Shadows, the replacement value on that today-- it's in beautiful condition, the printing is just what you want to see, these stark whites contrasted with the blacks-- it's going to be around $75,000.
GUEST: You're kidding.
APPRAISER: I'm not kidding.
GUEST: I can't believe that.
APPRAISER: Yeah, so I think you did pretty well on that purchase.
GUEST: That's incredible.
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