How Much Is Ericksons Worth?
Last updated: May 8, 2026
Quick Facts
- Last Sale
- $10.3M (2007, Christie's New York)
- Insurance Value
- $25.0M (Recommended replacement value (150% of high estimate) — subject to formal conservator report and insurer appraisal)
- Methodology
- comparable analysis
Anchored to Christie’s documented 2007 sale of Andrew Wyeth’s Ericksons for $10,344,000 and its subsequent accession by the Virginia Museum of Fine Arts, the present‑day market estimate for Ericksons is approximately $13.0–22.0 million. This range assumes museum‑grade condition, existing provenance/publication as reported, and no material new information (condition, catalogue raisonné changes, or major market shocks).
Valuation Analysis
Basis and anchor: The primary market datum is Christie’s New York sale (24 May 2007) in which Ericksons realized $10,344,000; the work is now recorded in the Virginia Museum of Fine Arts collection (accessioned into VMFA) [1][2]. Using that documented transaction as the anchor, this valuation applies a comparable‑analysis approach: inflation/CPI adjustment of the 2007 result, cross‑checks with recent Wyeth trophy and mid‑market sales, and qualitative adjustments for museum accession, condition uncertainty, and current demand.
Quantitative adjustments: Converting the 2007 figure to a present‑value baseline produces an inflation‑adjusted equivalent in the mid‑teens of millions (roughly $15.0M–$15.5M depending on the index used). Market context provides the bounds: the Paul G. Allen sale (Day Dream, 1980) set a contemporary high‑water mark with a $23.29M result in 2022, confirming that top Wyeth temperas can reach low‑to‑mid‑twenty‑millions under trophy conditions [3]. Conversely, important but less singular Wyeth paintings have realized in the single‑ to low‑seven‑figure band in subsequent auctions (examples: Winter Corn Fields; other mid‑market results) [4][5].
Subjective/qualitative adjustments: Ericksons benefits materially from documented literature/exhibition and its museum accession; institutional ownership is a strong endorsement and reduces immediate market supply, but it also removes the object from active trade and means a market price must be hypothesized rather than observed. Condition and any conservation history are critical: tempera on panel generally retains value when stable, but panel deformation, previous treatments, or unstable paint layers would depress marketability. Provenance provenance clarity (sale to Michael Altman Art in 2007, subsequent transfer to VMFA) supports the premium reflected in the 2007 figure [1][2].
Range justification: The low end ($13.0M) reflects a conservative, market‑sober positioning—anchored to the inflation‑adjusted 2007 result with allowance for typical market cooling and the lack of a later competitive public sale. The high end ($22.0M) represents the plausible ceiling if Ericksons were to trade under trophy‑sale conditions (strong bidder competition, aggressive marketing, or newly discovered significance linking it to an iconic series), a level below but comparable to the highest Wyeth tempera results in recent history [3].
Uncertainties & next steps: This is a market estimate, not a formal appraisal. A certified condition report, catalogue raisonné confirmation, and clarity on whether VMFA’s accession was purchase or gift would materially refine the number. I recommend a formal, dated appraisal by a qualified specialist (ISA/APP) or an auction house condition/expert review to finalize an insured/replacement value.
Key Valuation Factors
Art Historical Significance
High ImpactEricksons is a tempera by Andrew Wyeth dated 1973 and carries more scholarly and market weight than an undistinguished study. While it is not among Wyeth's single most iconic images (e.g., Christina's World), the 2007 Christie’s sale and inclusion in literature/lot essays confirm its recognition by the market and specialists. Museum accession amplifies institutional recognition and suggests the work's subject, quality, and condition met curatorial standards. Scholarly interest and exhibition history materially support a premium relative to anonymous or undocumented works, and the painting’s date places it within a mature period of Wyeth’s tempera practice that is actively collected and exhibited.
Provenance & Museum Accession
High ImpactDocumented provenance—sold at Christie’s in 2007 (buyer: Michael Altman Art) and later recorded in the Virginia Museum of Fine Arts collection—provides strong provenance, which is a major value driver. Institutional ownership is a two‑edged factor: it endorses significance and supports a higher hypothetical market value, but it also reduces liquidity because museum‑held works rarely reappear at auction. Whether the VMFA accession was by purchase or gift can affect insurance/valuation narratives and tax considerations; confirming acquisition method and any donor restrictions is essential for a formal valuation or hypothetical sale scenario.
Condition & Medium
Medium-high ImpactEricksons is executed in tempera on panel, a medium that can remain stable for centuries but is sensitive to panel movement, humidity, and conservation history. Condition issues (panel warping, lifting paint, previous overpaint, or intrusive restoration) materially affect marketability and price. A museum accession implies acceptable condition, but a signed conservator’s report is required for insured valuation. Any required conservation interventions would reduce net proceeds and could affect buyer confidence, particularly at the high end of the market, so condition uncertainty is an important downside risk in the estimate.
Size & Quality of Execution
Medium ImpactAt roughly 42 x 38 inches (as published in the Christie’s lot entry), Ericksons is a substantial tempera which supports a premium relative to smaller studies. Larger scale Wyeth temperas that demonstrate mature technique and compositional strength are more collectible and command stronger bidding. Quality of execution (handling, finish, and emotional resonance) is subjective but critical: superior works within this size and period can approach the upper tier of the estimate; lesser examples, even in similar dimensions, trade meaningfully lower.
Market Comparables & Demand
High ImpactRecent comparables for Wyeth show a bifurcated market: trophy temperas can achieve low‑to‑mid‑twenty millions (Day Dream, 2022), while many important works trade in the single‑ to low‑seven‑figure range. Supply of top‑quality Wyeth temperas is limited—many reside in institutions or major private collections—so when a museum‑quality work appears, competitive bidding can push prices upward. Current buyer pools include private collectors of American realism, museums, and legacy collectors; demand remains strong but has normalized after the 2022 spikes, so comparables must be applied judiciously.
Sale History
Christie's New York (Important American Paintings, Drawings & Sculpture)
Christie's New York (Paul G. Allen sale)
Sotheby's (Modern Day sale)
Bonhams New York (American Art sale)
Virginia Museum of Fine Arts (collection record)
Andrew Wyeth's Market
Andrew Wyeth occupies a strong, resilient position in the market for 20th‑century American realism. While the 2022 Paul G. Allen sale (Day Dream) established a new artist record and demonstrated trophy‑level demand, the broader market is two‑tiered: a steady secondary market for works on paper and studies (low‑to‑mid six figures) and intermittent high prices for museum‑quality temperas (seven figures and above). Institutional holdings (Brandywine, VMFA, Farnsworth) and sustained collector interest support long‑term demand, but price outcomes remain sensitive to provenance, exhibition history, and condition.
Comparable Sales
Ericksons
Andrew Wyeth
Primary market datum — last public auction result for the same work; documented provenance and literature; now accessioned by VMFA.
$10.3M
2007, Christie's New York
~$15.2M adjusted
Day Dream
Andrew Wyeth
Artist record and trophy sale for a major Wyeth tempera; establishes the upper bound of current demand for top‑tier Wyeth paintings.
$23.3M
2022, Christie's New York (Paul G. Allen sale)
~$25.2M adjusted
Winter Corn Fields
Andrew Wyeth
Recent mid‑market sale of an important Wyeth painting — useful as a lower‑end comparator to show price dispersion for significant but non‑trophy works.
$1.9M
2023, Sotheby's (Modern Day sale)
~$2.0M adjusted
Knapsack
Andrew Wyeth
Smaller study/watercolor and pencil work — shows market for studies and works on paper; less comparable in medium and scale but useful to illustrate secondary‑market breadth.
$318K
2024, Bonhams New York (American Art sale)
~$324K adjusted
Current Market Trends
Post‑2022, Wyeth pricing has normalized after a brief spike; 2024–2026 saw moderate cooling in high‑end volume but continued steady interest at mid‑market levels. Top works remain scarce in the market, and provenance/exhibition history now drive premium outcomes. For Ericksons, that means a strong institutional pedigree supports value, but market timing and condition will determine whether it achieves a trophy price or an inflation‑adjusted retention of its 2007 realized level.
Sources
- Christie's lot entry — Ericksons, Andrew Wyeth (Important American Paintings sale, 24 May 2007)
- Virginia Museum of Fine Arts collection record — Ericksons (object record / accession 2021.519)
- Christie's press — Paul G. Allen collection sale results (Day Dream, 9 Nov 2022)
- Sotheby's lot entry — Winter Corn Fields (Nov 2023)
- Bonhams lot entry — Knapsack (May 2024)