Swann Galleries, preparing to launch its first auction dedicated exclusively to African-American fine art, told reporters that it estimated its February 6 sale would bring approximately $500,000. That number was issued six months before the auction was scheduled to take place. In the end, some major consignments were landed, estimates grew, and the final results tallied more than four times that preliminary projection, $2,368,358.

For more information, visit the Web site at www.swanngalleries.com

Posted: 05|11|07 at 9:21 am. Filed under: US News.