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Edward Hopper Painting Heads To NYC Auction

Edward Hopper

By ULA ILNYTZKY   09/20/12 01:33 PM ET  AP

NEW YORK -- An oil painting of a Cape Cod autumn scene by Edward Hopper – one of the last paintings by the American artist remaining in private hands – will be offered for sale in November for a pre-sale estimate of $8 million to $12 million, Christie's auction house said Thursday.

"October on Cape Cod" will be sold on Nov. 28 as part of Christie's American paintings sale, and will coincide with a major retrospective of Hopper's work at the National Galleries of the Grand Palais in Paris, opening in October.

"He's widely considered one of the greatest early modern American artists. His oils are very rare on the market" since most are in major museum collections, said Elizabeth Sterling, Christie's head of American Art. "It's one of the most important American modern pictures to come on the auction market in the past decade."

Hopper's "Hotel Window" currently holds the record for the artist. It sold for $26.8 million in 2006 at Sotheby's.

Christie's noted that painting had a pre-sale estimate of $10 million to $15 million.

She said "October on Cape Cod" had "tremendous potential" to go over the estimate given that Hopper was not very prolific in oil medium and created one or two works in oil and watercolor a year," said Sterling. "The auction market for American modernism is quite strong."

It is being sold by a private American collector who has owned it for more than a decade.

"It's dated 1946 and the 40s are widely considered his most successful decade. Also it's a desirable subject," added Sterling.

Hopper had a home and studio on Cape Cod and he spent most of his summers on there after 1930. He died in 1967.

The large-scale painting shows a house and small barn from across a road as it might be observed from a passing vehicle. Hopper drove all over the Massachusetts peninsula, frequently drawing and painting from inside his car. It captures the stillness and solitude of Cape Cod out of season.

His paintings are permeated by a sense of isolation and have characteristics of a suspended narrative," which you definitely see in this picture," said Sterling.

It will be exhibited in Hong Kong on Oct. 4-6; Paris on Oct. 16-17; and New York on Nov. 24-27.

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  • This undated photo provided by Christie's shows a painting of a Cape Cod autumn scene by Edward Hopper. The large-scale painting is coming to auction in New York City and is expected to sell for $8 million to $10 million when it is put up for sale by Christie's on Nov. 28. (AP Photo/Christie's)

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    Description 1 Edward Hopper's New York Restaurant | Source http://img. artknowledgenews. com/files2011dec/Edward-Hopper-Restaurant. ...

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    com/artchive/H/hopper/summrint. ... Category:Edward Hopper Category:1909 paintings Category:Whitney Museum of American Art Category:Paintings of ...

  • A man walks by a painting by US artist E

    A man walks by a painting by US artist Edward Hopper entitled 'The Martha McKeen' at the Thyssen-Bornemisza Museum in Madrid on June 11, 2012. AFP PHOTO/ JAVIER SORIANO (Photo credit should read JAVIER SORIANO/AFP/GettyImages)

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    Description 1 Edward Hopper's prizewinning World War I patriotic poster "Smash The Hun", reproduced here (without accompanying caption) on ...

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    Edward Hopper's New York. San Francisco: Chameleon Books, Inc. (2005). | Author Edward Hopper | Date 1918 | Permission | other_versions ...

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    A photographer takes pictures next to a painting by US artist Edward Hopper entitled 'Morning Sun' at the Thyssen-Bornemisza Museum in Madrid on June 11, 2012. AFP PHOTO/ JAVIER SORIANO (Photo credit should read JAVIER SORIANO/AFP/GettyImages)

  • A model poses in a representation of a p

    A model poses in a representation of a painting by US artist Edward Hopper entitled 'Morning Sun' at the Thyssen-Bornemisza Museum in Madrid on June 11, 2012. AFP PHOTO/ JAVIER SORIANO (Photo credit should read JAVIER SORIANO/AFP/GettyImages)

  • First Lady Laura Bush Visits Edward Hopper Exhibit At The National Gallery Of Art

    WASHINGTON, DC - SEPTEMBER 21: In the handout provided by the White House, first lady Laura Bush (L) stands with Rusty Powell III, Director of the National Gallery of Art, in front of a banner featuring Edward Hopper's 1942 painting Nighthawks, before entering an exhibit of paintings by American artist Edward Hopper September 21, 2007 in Washington, DC. The exhibit opened September 16 and runs through January 21, 2008. (Photo by Joyce N. Boghosian/White House via Getty Images)

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