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george washington dollar portrait gilbert stuart auction

Christie’s is launching its largest-ever Americana Week in January, featuring a George Washington portrait by Gilbert Stuart that inspired the dollar bill. The painting, commissioned by James Madison, is expected to fetch between $500,000 and $1 million. The auction includes 700 lots across nine sales, with highlights such as a signed Emancipation Proclamation and the contract that created Apple. The portrait, a Vaughn-type from 1795, was consigned by Clarkson University and has a provenance tracing back to Madison, confirmed by a 19th-century catalog and a note from Madison’s secretary.

christies auction painting george washington one dollar bill

Christie’s will auction an 1804 oil portrait of George Washington by Gilbert Stuart, estimated at $500,000 to $1 million, during its “We the People: America at 250” sale in early 2025. The painting was commissioned by President James Madison and served as a model for the engraving on the one-dollar bill. It was recently deaccessioned by Clarkson University, a technical school in upstate New York, which decided to sell the work to coincide with the 250th anniversary of the United States, with proceeds supporting the university’s educational mission.

apple contract constitution christies sale

Christie's auction "We the People: America at 250" on January 23, 2026, achieved $35.5 million in total sales, doubling its presale estimate. The top lot was a draft of the U.S. Constitution annotated by founding father Rufus King, which sold for $7.3 million. Other highlights included a signed Emancipation Proclamation ($6.7 million), a 1776 Declaration of Independence copy ($5.6 million), and the Apple Computer Company Partnership Agreement from 1976, signed by Steve Jobs, Steve Wozniak, and Ronald Wayne, which fetched $2.5 million. A Gilbert Stuart portrait of George Washington (ca. 1804) realized $2.8 million, setting a new auction record for the Athenaeum type.

non bank art loans defaults rise deloitte private arttactic

Half of non-bank art lenders experienced loan defaults in 2024, up from 17 percent in 2022, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The report notes that while the wider art market has shrunk since 2022—sales fell 12 percent to $57.5 billion in 2024—the market for art-backed loans has grown to an estimated $33.9–$40 billion. Non-bank lenders are increasingly taking on riskier clients, with some charging over 15 percent interest, while private banks reported zero defaults in 2024.