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iGavel, Inc.

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Ruggiero & Associates’ Spring Online Auction Screams past Estimates On iGavel.com


Painted tobacco Indian figure highlights Auction, selling for $169,000.

New York, NY, May 02, 2008 --(PR.com)-- Ruggiero & Associates’ Southern Estates and Private Collections Spring Online Auction, hosted by iGavel.com, ended with a bang on Friday, with winning bids exceeding estimates in most categories, including: paintings, sculpture, glass, furniture and decorative arts.

Bidders vied for a rare Thomas Brooks carved and painted tobacco Indian. The more than 100-year old figure closed at an impressive hammer price of $169,000 - exceeding its high-end estimate by $44,000. The piece was in almost original painted condition and had never been on the market.

Bob Ruggiero, President of Ruggiero & Associates, called the auction on iGavel - the premier online fine art and antiques auction house - a huge success for both his company and his clients. “Our sale just goes to prove that the Internet auction venue is a very effective tool to reach a large body of knowledgeable and sophisticated buyers worldwide.”

The auction's paintings, prints, sculpture, and glass categories were also in high demand. Bidding for Victor De Grailly’s View from Mt Holyoke, Mass ended at $10,980, while Henry B. Willis’ oil-on-canvas Landscape with Cows, hammered at $5,820.

Leading the way among an impressive collection of American and French art glass was a Tiffany Studios Intaglio cut floral vase. The vessel brought in 15,600. Bidders also had their eyes on Tim Cherry’s contemporary bronze model of a seated grisly bear eating a salmon. The hunting bear fetched $7,877. Also drawing high prices was fine porcelain - a Meissen Pate-Sur-Pate vase netted $5,280, and a fine Copelands gilt set of decorated plates, accompanied by a sauceboat, went for $4,020.

Meanwhile, a number of the day’s high bidders focused their attention on the auction’s furniture and decoration collections. Modern collectors vying for a pair of black F.A. Porsche Interprofil recliners boosted the item’s hammer price to $5760. A set of eight modern ebonized Dunbar dining chairs was taken home for $4,440. Finally, a wonderful Florentine gilt carved Rococo mirror brought $5500, while a monumental Chippendale mahogany Grand Rapids Manufacturing Company tall case clock fetched $7500.

Ruggiero & Associates are appraisers and auctioneers whose practice is focused to serve Estate planning professionals and private collectors in the Southeastern United States. Their full service practice encompasses initial consultation, complete inventories, formal appraisal documents, and final asset conversion through the appropriate public auction sale placement whether it be a live sale in New York, their online auctions, or at the local auction level. They offer a unique, personalized approach to the Estate settlement process.

iGavel.com is a leader in online art auctions, offering collectors and dealers high quality fine art, antiques and collectables guaranteed for authenticity and condition. iGavel auctions are modeled on the traditional live auction format, where each lot includes detailed photographic images, a professional description, and an accurate condition report. President of iGavel - is a frequent guest appraiser on the Antiques Roadshow, was formerly a Senior Vice President with Sotheby's Chinese Works of Art Department, and Director of Online Auctions for Sothebys.com.

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Contact Information
iGavel, Inc.
Justin Berg
212-289-5588
Contact
www.igavel.com

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