"For some eminently wealthy individuals, amassing a first-class art collection is an ideal way to spend their money. And while some high-profile art collectors end up donating their collections to museums or other cultural institutions, others take a different approach, reselling their art after a certain amount of time. Which brings us to this week, when billionaire David I. Koch's collection of Western art hit the auction block at Christie's, setting a number of records in the process."
"And if you're looking for a precise definition of Western art, it can be instructive to check in with The James Museum, located in St. Petersburg, FL, which specializes in this style. The museum's website contends that "Western art is defined by subject rather than style, and includes a wide range of artistic approaches and media - from pottery and painting to sculpture, weaving and jewelry.""
David I. Koch's collection of Western art was auctioned at Christie's on January 20 and 21 under the title Visions of the West: The William I. Koch Collection. Western art is characterized by subject rather than style, covering media from pottery and painting to sculpture, weaving and jewelry. The two-day sale totaled $84,122,305, a record for a single-owner Western art auction. Frederic Remington dominated the top prices: Coming Through the Rye sold for $9,950,000; An Argument with the Town Marshall fetched $11,847,500; Coming to the Call achieved $13,285,000. Christie's reported an enthusiastic market response.
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