Last Updated on 10/7/2006 by bidz

Another weathervane set an auction record, in what’s proving to be a red hot area of American folk art.

Ford Weathervane Brings $5.8 Million, Breaking Auction Record Muse
By Lindsay Pollock

“Oct. 6, 2006 (Bloomberg) — A monumentally tall, flaking copper weathervane of an Indian chief hoisting a bow became the most expensive piece of folk art ever sold at auction this morning, going for $5.84 million at Sotheby’s in New York. It was estimated to sell for up to $150,000.”

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