A Frederick Childe Hassam at $5m?

New York, 28 July 2011, Art Media Agency (AMA).

Rumour has it that a painting by Frederick Childe Hassam could be put on the market. The painting belongs to Erie County, New York and is currently displayed in Blasco library.

According to sources, estimate vary, but an anonymous art dealer affirms that he has a buyer who is willing to spend $5 million. Erie County contacted Christie’s New York and the auction house thinks the work could go under the hammer for $2.5 million in an auction or a private sale.

Last year, art dealer Andrew Schoelkopf of Menconi & Schoelkopf Fine Art LLC offered to sell the piece, entitled Summer Afternoon, Isle of Shoals, for $5 million with a commission of 10%. He has repeated his offer and the sale of the painting is still being discussed at Erie.

Frederick Childe Hassam is an American impressionist painter. He was born in 1859 in Boston and died in 1935. He moved to Paris to study painting and was taught by Gustave Boulanger and Jules Joseph Lefebvre. Monet and the French impressionists had a great influence on him.

One of his works has been on display at the Oval Office since President Obama came into office.