Canadian art proves it has a hot market

Cornelius Krieghoff’s Run off the Road in a Blizzard commanded the spotlight last night at the final major auction of the fall season, the Joyner Waddington’s sale of Canadian art in Toronto.
The painting, a 12-inch-by-18-inch oil on canvas showing an upset sleigh and floundering habitants in the midst of a Lower Canada winter, went into the bidding with a presale estimate of between $100,000 and $150,000, but ended up selling for $307,000 (including a 15-per-cent premium).
Two other paintings by Krieghoff also sold for more than $150,000 last evening.
Another top seller was a small panel painted in oils by J.E.H. MacDonald, titled In Algoma, which commanded $252,000 (including 15-per-cent premium), far above its presale estimate of between $25,000 and $30,000. Its sale prompted applause.
globeandmail.com: Canadian art proves it has a hot market