Heritage Auctions Holds American Indian Art Auction

December 11, 2012

The value of an item is extremely relative – a fact that auction organizers know all-too-well. While a certain object may be viewed as an item that’s nothing more than ordinary, another individual may perceived as an invaluable commodity that he or she is willing to shell out thousands of dollars to acquire.

Heritage Auctions – a Dallas-based organization that’s currently being touted as the largest collectibles auctioneer and third biggest auction house across the globe – held their American Indian Art Signature Auction earlier in November.

The special event had a lot in store for the collectors fortunate enough to attend. The diversity of Native American goods managed to garner favorable feedback and results from attendees, as Heritage reports they’ve experienced a sell-through rate of approximately 96 percent.

Featured during the auction was a beautifully crafted redware jar. Garlanded with etchings of fish and turquoise stone, this seemingly simplistic container was eventually sold for $32,500. Created by renowned potter and painter Tony Da, the jar was arguably the auction’s most prized valuable, as it fetched the highest price during the entire event.

Amongst the wide array of goods being auctioned, pottery raked in the largest portion of revenues.

“This was a diverse auction and truly offered something for every collector,” said Delia Sullivan, American Indian Art specialist for Heritage, in a statement to the media. “It’s thrilling to see numerous new buyers participate in another successful auction.”

Aside than earthenware, stoneware and clay pots being sold for staggering amounts, other items were auctioned-off for thousands of dollars apiece as well.  One lot from Sioux, comprised of a circa 1800 carved-caribou, bone-quiver, and a pictographic hide shield, circa 1880, were sold at $11,250 and $18,750, respectively.

In another lot, two items (circa 1900) from Sioux, a beaded-hide-wear shirt and a beaded-hide bowcase and quiver were sold for $20,000 each.

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