Art Market Overview: Rising Prices for Paintings by American Artist Robert Colescott

On 07 May 2021, by Vanessa Schmitz-Grucker

Twelve years after his death, the price index for works by the American New Figuration painter Robert Colescott (1925-2009) are soaring.

George Washington Carver Crossing the Delaware (1975), to be sold at Sotheby's New York on May 12, is estimated at $9/12 M.

Robert Colescott has become a market favorite since Blum & Poe Gallery began managing his estate in 2017. The satirical artist could well set new records: his George Washington Carver Crossing the Delaware (1975), to be sold at Sotheby's New York on May 12, is estimated at $9/12 M. A multi-million-dollar price would be a first for Colescott, whose record is $912,500 for Cultural Exchange (1987). In 2006 it was bought for $22,500: a 4,000% increase in 12 years. Another key figure: his market is mainly in the United States, which accounts for 85% of the lots sold.

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