Case Auctions’ Summer Auction, held on July 6-7, 2024  in Knoxville, Tennessee, brought in record sales, showcasing the remarkable impact of Bidsquare Cloud. With 1,086 lots featuring star items from estates and a Southern museum, this auction was the highest-selling event in their history, achieving a 98% sell-through rate and exceeding the total high estimate by 40%. Bidsquare contributed 32% of total sales for this multi-channel event, with the combination of Bidsquare Cloud software and co-listing on Bidsquare.com dominating online channel performance.

Bidsquare Cloud Drives Online Performance

Boost in Online Sales Bidsquare Cloud software significantly contributed to Case’s online auction success, with $653,000 (32% of total sales) generated through the software’s custom white label auction.caseauctions.com plus Bidsquare.com platforms. Online sales saw a remarkable 61% increase compared to last year, with the Bidsquare Cloud-powered auction.caseauctions.com emerging as the highest-performing online channel. In fact, sales increased by 55% on the brand site compared to 2023, and dropped by 26% – 35% on non-Bidsquare third-party marketplaces, allowing the auction house to reduce fees and retain more revenue.

Higher Average Sold Price The average sold price per lot doubled compared to the previous year’s Summer auction. Notably, the average sold price through Bidsquare Cloud-powered brand site was the highest among all online channels.

Highlights from the Auction

Record-Setting Artworks

• Catherine Wiley’s Masterpiece: An impressionist oil on canvas summer scene by Catherine Wiley (American/Tennessee, 1879-1958) set a new world auction record for the artist, achieving $146,400 against a $60,000-70,000 estimate. 
• Friedel Dzubas’ “High Pass, 1976”: The auction’s top lot, an Expressionist color field painting, soared to $158,600, well above its $78,000-82,000 estimate.
• Other notable post-War paintings included Albert Burri’s mixed media collage “Combustione T2” (1960), which reached $134,200, and Giuseppe Santomaso’s abstract oil “September in Segovia” (1959), which sold for $67,100.

Decorative Arts and Antiques

• A mid-20th century Hans Wegner “Papa Bear” chair and ottoman led the furniture category at $19,500.
• A first edition J.J. Audubon Octavo Edition of the Birds of America, missing two volumes but bearing bookplates from the Pinckney family, soared to $15,860.
• A custom Angelo Bee gold engraved Winchester Rifle, model 1894, sold for $10,300, among other notable highlights.

Conclusion

The success of Case Auctions’ Summer Auction underscores the significant impact that Bidsquare Cloud can have in driving exceptional auction results. With substantial online sales growth, record-breaking artworks, and higher average sold prices, Bidsquare Cloud has proven to be an incredibly effective tool for Case Auctions, enhancing their reach and performance in the competitive art and antiques market.