November 11, 2005
Inuit art items net $1.7 million at Toronto auction
Older carvings and prints earn more than appraisers expected
JANE GEORGE
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PHOTO TO ENLARGE
A rabbit carved
by Andy Miki (1918-1983) of Arviat in 1975 was sold for $25,000. (PHOTOS COURTESY
OF WADDINGTONS)
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The market for Inuit carvings, wall hangings and prints looked stronger than
ever at this weeks fall sale of Inuit art at Waddingtons auction
house in Toronto.
Theres a tremendous amount of interest and respect for the art,
said Duncan McLean, auctioneer with Waddingtons.
One carving from the 1950s only five inches tall, sold for about $60,000, including
commission. The mottled dark soapstone sculpture is of an ulu with inlaid decorations
and topped by a carved Inuit woman with braids.
Although several pieces by contemporary artists were in the auction, the majority
of sale items dated from before 1975 and were collected mainly by southern government
workers and teachers from 1950 to 1975.
What people want are the old pieces. There was nothing brand new in this
sale but it shows an incredible strength in the market, in the foundation of
the art form, McLean said.
In several hours on Monday night, 390 lots were sold for a total of $1 million.
The entire auction amounted to $1.7 million.
A musk ox made by George Tataniq of Baker Lake in 1955 sold for $30,000, a
figure with carved faces by Lucy Tasseor of Arviat for $48,000 while a John
Kavik drawing drew bids of $6,000: all sold for more than appraisers had thought
before the auction started and the competing bids pushed prices up.
It was pretty crazy, with moments when the bidding goes on and on, and,
then, when it finally sells theres a round of applause, McLean said.
A total of 900 items from private collections were sold in the auction. Most
were sold to buyers from Canada, although the big bidders come from the United
States and Europe.
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PHOTO TO ENLARGE
This 5
ulu carved in Port Harrison, now known as Inukjuak, in the 1950s by an unknown
artist sold for $61,000 this week at a Toronto auction sale of Inuit art.
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McLean said the strong sale also benefits Inuit artists who are producing today
because it encourages new buyers to invest in works of Inuit art.
If you are a collector and you see a value for these in the secondary
market youre much more likely to invest in new things, knowing that they
will help their value, McLean said.
I think it really does impact on things for the present day artists.
If you have $5,000 youre more likely to buy a new piece, knowing the old
ones are selling very, very well.
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