Print Dealer Arader Sells $3.25 mil at Sotheby’s in Botanicals and Birds
Rare print and map dealer W. Graham Arader III failed to circumvent the recession on June 19 at Sotheby’s in New York.
His single-owner sale, including Audubon bird prints and antique maps, fetched $3.25 million, with forty-four percent of 204 lots failing to sell.
Arader made every effort to induce bidding: about a third of lots were sold without reserve. He also concocted a unique gambit, promising to contribute 20 percent of the hammer price to a charity of the buyer’s choice.
Bidding was frothy on Pierre Joseph Redouté botanical prints that came matted, framed and ready-to-hang. 19th century artist Karl Bodmer’s pencil and ink profile portrait of a Native American titled “Messika,” estimated to sell for $150,000 to $200,000, went unsold.
The dealer hailed the sale as “a new idea that worked,” in an email distributed after the auction. Gifts in the range of $500,000 will be distributed to charities, said Arader, provided buyers follow up and request donations.
“My goal next year is to be able to arrange for gifts in the $5,000,000 range,” he wrote.
Arader’s empire includes a 12,000 square foot townhouse at 1016 Madison Avenue, formerly home to Perls Galleries. Arader snagged the building for $5 million in 1997, according to an article in The New York Times. Last year the building was listed with Sotheby’s Realty for $75 million, according to Curbed, the real estate blog.
Other Arader outposts include Philadelphia, Denver, Houston and San Francisco, according to the gallery’s website : www.aradergalleries.com
Sotheby’s auction results: www.sothebys.com/app/live/lot/LotResultsDetailList.jsp?event_id=29470&sale_number=N08558



