In February during Frieze Los Angeles, Bonhams sold Coelscott’s painting Miss Liberty (1980) for $4.5m (including fees) to the Art Bridges Foundation, a non-profit established by billionaire Walmart heiress Alice Walton, who in 2011 founded the Crystal Bridges Museum of American Art in Bentonville, Arkansas. Walton has used her wealth to snap up rare works of art at auction for the museum’s collection. Colescott’s auction record was set in 2021 when George Washington Carver Crossing the Delaware (1975) sold for a record-breaking $15.3m (including fees) at Sotheby’s. It was purchased by the Lucas Museum of Narrative Art, scheduled to open in Los Angeles in 2025.
Published July 26, 2023