Heffel Fine Art Auction House says its annual spring auction has fetched prices far above original estimates for masterworks of Emily Carr, Jean-Paul Riopelle and the Group of Seven.
The auction, held Wednesday in downtown Vancouver, had collected a total of $11.5-million by the time the last gavel came down on the 185 works on the block.
One bidder paid $1,228,500 for Composition by Riopelle, an oil-on-canvass work that was originally estimated for sale at between $600,000 and $800,000.
Emily Carr's Old Timer, originally donated by the artist to raise money for the Red Cross during the Second World War, sold for $936,000, far above its $400,000 to $600,000 asking price.
Auction house president David Heffel says results prove the market for Canadian artists remains strong.