Parke-Bernet Galleries was an American

auction house An auction house is a business establishment that facilitates the buying and selling of assets, such as works of art and collectibles. Overview The auction house is the physical facility where the objects are catalogued, displayed, and presented ...

, active from 1937 to 1964, when

Sotheby's Sotheby's ( ) is a British-founded multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine art, fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, an ...

purchased it. The company was founded by a group of employees of the

American Art Association The American Art Association was an art gallery and auction house with sales galleries, established in 1883. It was first located at 6 East 23rd Street (South Madison Square) in Manhattan, New York City and moved to Madison Ave and 56th St. in ...

, including Otto Bernet, Hiram H. Parke, Leslie A. Hyam, Lewis Marion and Mary Vandergrift. By 1964, the company was the largest auction house in America, with 115 employees and total sales of $11 million ($ million in ). That year, Sotheby's purchased a controlling interest of 75% in the gallery for $1.5 million ($ million in ).

History

The company was founded in 1937, by a group of forty former employees of the

, including Otto Bernet, Hiram H. Parke, Leslie A. Hyam, Lewis Marion and Mary Vandergrift. In January 1938, the first auction was held in a gallery at 742

Fifth Avenue Fifth Avenue is a major thoroughfare in the borough (New York City), borough of Manhattan in New York City. The avenue runs south from 143rd Street (Manhattan), West 143rd Street in Harlem to Washington Square Park in Greenwich Village. The se ...

. The next year, the company took over the American Art Association-Anderson Galleries, consisting of the American Art Association and the Anderson Galleries (formerly Anderson Auction Company). Parke-Bernet oversaw the sale of the estate of , a prominent art collector, whose estate included works by

Raoul Dufy Raoul Dufy (; 3 June 1877 – 23 March 1953) was a French painter associated with the Fauvist movement. He gained recognition for his vibrant and decorative style, which became popular in various forms, such as textile designs, and public build ...

Alfred Sisley Alfred Sisley (; ; 30 October 1839 – 29 January 1899) was an Impressionist landscape painter who was born and spent most of his life in France, but retained British citizenship. He was the most consistent of the Impressionists in his dedic ...

and

Pierre-Auguste Renoir Pierre-Auguste Renoir (; ; 25 February 1841 – 3 December 1919) was a French people, French artist who was a leading painter in the development of the Impressionism, Impressionist style. As a celebrator of beauty and especially femininity, fe ...

. The collection sold for over 2 million pounds in 1957, a record. Other customers of the company included Rockefellers,

Vanderbilts The Vanderbilt family is an American family who gained prominence during the Gilded Age. Their success began with the shipping and railroad empires of Cornelius Vanderbilt, and the family expanded into various other areas of industry and philanthr ...

Paul Mellon Paul Mellon (June 11, 1907 – February 2, 1999) was an American philanthropist and a horse breeding, breeder of thoroughbred horse racing, racehorses. He is one of only five people ever designated an "Exemplar of Racing" by the National Muse ...

and

Henry Ford II Henry Ford II (September 4, 1917 – September 29, 1987), commonly known as Hank the Deuce, was an American businessman in the automotive industry. He was the oldest son of Edsel Ford I and oldest grandson of Henry Ford. He served as president ...

. Ford's purchase of ''La Serre'' by Renoir through Parke-Bernet was a world record. Parke-Bernet also oversaw the sale of the estate of Hagop Kevorkian, the Armenian archaeologist, antiquities dealer, and philanthropist whose foundation gave major contributions to support the study of the Near East and Middle East at the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

, and

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

Building

The Parke-Bernet Galleries building is a building in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

at 980

Madison Avenue Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, New York, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Stree ...

that served as the headquarters of Parke-Bernet Galleries from its opening on November 10, 1949, to its sale in 1987.

History

Building

Sources

Further reading