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Original Charlotte's Web cover art brings $155,350, Elvgren remains strong, in $3.75 million Auction

News-Antique.com - Oct 20,2010 - NEW YORK – The original 1952 cover art for the
best-selling children's book, Charlotte's Web by E.B. White, brought
$155,350 on Friday, Oct. 15 as a feature of Heritage Auctions’
Signature® Illustration Art auction. Part One of Garth Williams: The Art
of Charlotte’s Web – consigned by the late great artist’s family –
brought more than $780,000, with the cover art to the famous book
establishing a world record price for any Williams art. The price for
the cover was more than five times the pre-sale estimate. All prices
include 19.5% Buyer’s Premium.

The auction proved to be Heritage’s second highest-grossing Illustration
Art Auction since the inception of the category, tallying an impressive
total exceeding $3.75 million – eclipsed only by the February 2010 $4.5
million Illustration Art Auction – with 939 bidders vying the more than
500 lots in the auction, translating into a 97.4% sell-through by total
value. The auction marked the first major event for Heritage under the
auspices of its newly opened New York offices at 445 Park Avenue (at
57th Street).

"The response to the Charlotte's Web art was tremendous,” said Barry
Sandoval, director of operations for the comics and original comic art
auctions at Heritage, “especially to the iconic cover art. We expected
that the cover art would exceed our initial estimate of $30,000 or more,
but for it to break $150,000 is breathtaking. It just shows how
universally beloved this book and this art really are."

Another famous drawing from the book, the page 95 illustration entitled,
"There Was the Handsome Pig, and Over Him, Woven Neatly in Block
Letters, Was the Word TERRIFIC," brought $95,600.

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