A severe snowstorm swept through Eastern Ontario on January 1st, 2008 - snowflakes the size of soda crackers fell from the sky as we drove west from Cobourg through the blizzard to buy some good Canadian Art.
On Jan 1st 2008, in the middle of a severe Ontario snowstorm there was some serious early Canadian contemporary art for sale. Presiding over the market, Randy Potter was the only man with a microphone, and two hundred spectators eagerly listened to the charismatic auctioneer (who seemed to know most of the audience by name) as he rattled off keyword specific phrases associated with each Canadian cultural object de’art on the block. Much of this stuff sold cheap, and I was surprised to learn the true values of Canadian art deco lamps and ashtrays. My friend thought aloud about buying a crate of Lincoln Logs for two bucks (for his kids), but then seemed more captivated by the antique porcelain dolls heads, dishes, pottery and crocks that he could see on tables in the background. This was an auction with commentary by Randy Potter, who occasionally lamented the soft prices with anecdotal remarks like, “I sold this very piece a couple of years ago for six hundred bucks…’ which he said in a tone of obvious disappointment as today's winning bid totaled less than half that amount.
Occasionally one of Randy’s assistants would rest a long stick below one of fifteen Norval Morrisseau signed acrylic on canvas paintings that were hung with care on the wall behind the podium, and the bidding would get white hot for a few minutes. Fifteen Norval Morrisseau paintings were sold.
Norval Morrisseau paintings are, in my opinion, a terrific investment. The auction staff had hoped that each of these pieces would fetch between three to five thousand dollars as Norval Morrisseau is now considered by contemporary critics to be one of the most important painters (native or otherwise) that Canada has ever produced. You would think the price of his art would appreciate handsomely after his recent 2007 death? But these market factors were not evidenced on Jan 1st 2008 in Port Hope - and consequently there were some real bargains to be had here.
Public apathy (from years of bad prices) and the economic realities at work in this 'age of uncertainty' continue to deflate art auction values - I suppose there's a myriad of factors that keep the prices of these beautiful pieces in the basement; most of these canvases sold for between two to three thousand dollars.-----------------------------Excerpt from Wednesday, January 2, 2008
Canadian Fine Art sold in Snowstorm article Posted by Robert Campbell at http://dumpdiggers.blogspot.com/2008_01_01_archive.html
Potter
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News from the clearing house for "questionable?" Norval Morrisseau Paintings.
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