BEVERLY — A painting called "Beverly, Massachusetts" that was expected to fetch as much as a half-million dollars failed to sell at auction yesterday.
The painting, done by John Frederick Kensett in 1871, "unfortunately did not find a buyer today," said Rik Pike, a spokesman for the Christie's auction house in New York.
Christie's had expected the work to sell for between $350,000 and $500,000. None of the bids yesterday met the minimum bid. Pike declined to say what that minimum was.
The painting depicts a coastline scene somewhere in Beverly. Kensett was considered a "master of landscape painting," according to Christie's. The auction house would not reveal the painting's owner.
The Beverly painting was one of only 29 items in the auction, out of 140, that failed to sell. The auction, called "Important American Paintings, Sculptures & Drawings," brought in $72.6 million, a record for an American art auction at Christie's.
The top-selling painting, "Green River of Wyoming" by Thomas Moran, sold for $17.74 million.
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