christies auction painting george washington one dollar bill 1234767393

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.