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Collecting + Investing, Auctions + Art Fairs
10.19.2020 by Ray Waterhouse

Fine Art Brokers was pleased to provide art advisory services to the estate of Dr. Wallace and Mrs. Faega Friedman, which resulted in the October sale at Sotheby’s at more than $3.7million. The Friedmans were renowned San Francisco collectors and had purchased excellent works in the 1960s and 1970s by Frank Stella, Helen Frankenthaler, Alexander Calder, Kenneth Noland and Robert Motherwell. Of course, at that time these artists were at the vanguard of the modern school. They also had the eye and foresight to collect artists such as Ruth Asawa.

Collection from the Estate of Dr. Wallace and Mrs. Faega Friedman at Sotheby's.

Befitting the Covid crisis, all discussions and negotiations were conducted by phone, email and zoom: preliminary consultations between the executor in San Francisco and Ray Waterhouse in New York, commissioning of condition reports and photography, and then interviews with three auction houses. Ray was able to negotiate favorable terms for the estate. Viewing by appointment was possible at Sotheby’s, when these images were taken, but the sale was online.

Ray Waterhouse in front of a painting by Kenneth Noland, from the Estate of Dr. Wallace and Mrs. Faega Friedman.