Native : Paddle8 Street Art Sale Sets New Auction Records

PADDLE8 STREET ART SALE SETS NEW AUCTION RECORDS

Street Art Sales on Paddle8 Grow Steadily,

The Eighth and Latest Edition Achieves 100% Sell Through Rate

Kaws'Wood Hand Offered for the First Time,

Sells for More than Four Times High Estimate

June 7, 2018, New York, NY - Paddle8, the leading online auction house announces post sales figures from its most recent Street Art auction franchise, which includes three new auction records. The eighth edition of the popular Street Art sale, which included 57 works by emerging and established street artists received more than 44,000 artwork views and generated a total of 243 bids. The sale set three auction records for works by Invader and Kaws, achieving a more than 100% sell through rate by value. The sale also featured three works never-before offered at auction, including Kaws' Wood Hand, which hammered at four times above the high price estimate, underscoring Paddle8's market leadership in the Street Art category.

AUCTION RECORDS:

Invader, Oh…Alright, 2011, screenprint on paper. Auction record achieved: $16,800

Kaws, Isolation Tower, 2016, screenprint on paper. Auction record achieved: $45,600 (pictured above, left)

Kaws, Presenting the Past, 2014, screenprint on paper. Auction record achieved: $11,400

FIRST OFFERS AT AUCTION:

Kaws, Wood Hand, 2016, carved wood. Price achieved: $33,600 (pictured above, center)Invader, Invaded Scream, 2011, woodcut on paper. Price achieved: $9,000 (pictured above, right)

Matt Gondek, Melting Snoop, 2016, acrylic on canvas. Price achieved: $3,600

OTHER SALE HIGHLIGHTS:

Kaws, No Future Companion (Black Chrome), 2009, metal. Price achieved $13,200

Mr. Brainwash, Mickey & Minnie (Diptych), 2016, mixed media and stencil on paper. Price achieved: $14,400

Revok, 1967 La Salle Garden, 2013, oil, enamel, and acrylic on found objects. Price achieved: $3,600

The next edition of Paddle8's Street Art sale will take place September 4 - 15, 2018.

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ABOUT PADDLE8

Founded in 2011, Paddle8 brings the tradition-bound auction world into the 21st century. Offering a seamless online process, Paddle8 makes collecting and selling art online an easy, efficient, and enjoyable experience. Paddle8 features specialist-curated auctions, nonprofit auctions, private and buy-now sales in the categories of Contemporary Art, Prints and Multiples, Photographs, Street Art, and other collectibles. Paddle8 is especially proud to be the partner of choice for more than 350 nonprofit organizations worldwide and present their benefit auctions to a global community of more than 500,000 collectors, amplifying their fundraising efforts.

www.paddle8.com