"Kachina Painter" by E.I Couse
Going once…Coeur d’Alene Art Auction set to start in Reno – Partner Peter Stremmel predicts successful Coeur d’Alene Art Auction despite tough economy
BY FORREST HARTMAN • FORREST@RGJ.COM • JULY 17, 2010
In 2008, the Coeur d’Alene Art Auction had a record-breaking year, drawing approximately $39 million in bids. Peter Stremmel, one of three partners in the Reno-based event, said this year’s auction won’t bring in that much, but he is predicting success despite the ongoing recession.
“I think this is going to be a good sale,” Stremmel said. “In past years, we’ve had between 250 and 300 items and we have sold between 96 and 98 percent. … It’s not like that now. It’s just changing. … We’re in a new economy.” To read more.