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Fine-art auction sets record for three Canadian painters

Large crowd attends and bidders travel to Toronto salefrom across Canada

From Wednesday's Globe and Mail

Records were set last night for three Canadian painters at the final big auction of the 2003 fall fine-art season.A large oil by Quebec artist Marc-Aurele de Foy Suzor-Cote was the high point of the Joyner Waddington's sale in Toronto.

Titled Autumn Ploughing, Arthabaska, the 1909 canvas sold for $380,000 -- breaking by $20,000 the previous record for a Suzor-Coté set in 1988 in Montreal.

This was exclusive of buyer's premium.

All prices quoted do not include the premium.

A large work by Frank Hans Johnston, one of the original Group of Seven, went for $230,000.

The oil, Autumn, Algoma came into the bidding with a presale estimate of $125,000 to $150,000.

The previous record for a Johnston, at $150,000, was set this year in Vancouver by the Heffel auction house.

The sale was an indication of the rising fortunes of Johnston -- who had left the group by 1925 to live in Manitoba -- in recent years.

Also setting a record were two works by Montreal artist Fritz Brandtner. Previously, the top price for a Brandtner fetched at auction was $26,000, established by Joyner in Toronto in 1994.

However, that price was bested twice last night, first and foremost with a $50,000 bid for a still life, Gay Camp Table, then by the $38,000 paid for Montreal Harbour, a 1938 oil.

The first had gone into the auction with an estimate of $30,000 to $35,000, the second $10,000 to $15,000.

There were 273 lots on the block last night, drawing a large crowd and numerous bidders from across the country.

Despite the successes, there were some disappointments.

A 1920 oil by Group of Seven founder Lawren Harris of a Toronto streetscape sold to an unidentified overseas buyer for $400,000.

But this was less than the $500,000 to $700,000 estimate it carried into the auction.

Going unsold was mammoth abstract (200 centimetres by 300 centimetres) by the late Jean-Paul Riopelle.

Painted in 1975, Mascouche went into the bidding valued at $500,000-$700,000.

Bidding for the oil started at $300,000, but within 30 seconds the action had stopped at $410,000 and the painting was declared unsold.

Also failing to meet its reserve (the lowest possible selling price) was a large 1951 abstract by Mr. Riopelle's colleague, Paul-Émile Borduas. Composition had an estimated value of $150,000 to $175,000, but the bidding for it last night petered out at $110,000.

Another non-sale was Three Habitants Sledding on the St. Lawrence at Quebec by the 19-century master Cornelius Krieghoff.

This modest-sized canvas earned a top bid of $75,000 -- but with a low end presale estimate of $100,000, it failed to meet its reserve.

Total value of last night's sale was $4,325,000, (including the buyer's premium of 15 per cent of the first $150,000 on the hammer price, 10 per cent thereafter).

Always the biggest volume dealer in Canada's fine-art resale market, Joyners will auction 276 lots this morning.

Estimated total value of these works is $400,000 to $500,000.

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