Sunday, January 22, 2006

Charles Willson Peale’s George Washington portrait sells for $21.3M

George Washington portrait sells for $21.3M
1779 likeness fetches record price for an American portrait
The Associated Press
Updated: 11:23 p.m. ET Jan. 21, 2006

NEW YORK - Charles Willson Peale's full-length portrait of George
Washington on the American Revolutionary War battlefield fetched $21.3
million at auction Saturday, setting a world record for the sale of an
American portrait, Christie's auction house said.

"George Washington at Princeton," signed and dated 1779 by the
Revolutionary period's premier portrait artist, was one of eight
full-length portraits of Washington painted by Peale between 1779 and
1781. It was the only one known to be in private hands.

Christie's did not disclose the buyer Saturday. The auction house had
said earlier the painting was expected to fetch $10 million to $15
million.

It was offered as part of a collection of American furniture and arts
from Natalie Knowlton Blair, who with banker husband J. Insley Blair
bought the painting in 1919. Knowlton Blair died in 1951.

The entire collection, which includes a 1729 chest of drawers by
Robert Crosman and an 18th-century Queen Anne mahogany card table,
sold for $32.3 million, setting a record for an Americana collection,
Christie's said.

The sale price of the portrait more than doubled the previous record
for an American portrait sold at auction — Sotheby's sold a
half-length portrait of Washington in November for $8.1 million.

--
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Sanjeev Narang

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