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Lot 157: Shreve's & Company, San Francisco; in cooperation with Frank Polk (1908-2000)

Est: $200,000 USD - $300,000 USDSold:
Coeur d’Alene Art AuctionReno, NV, USJuly 26, 2014

Item Overview

Description

Golden Rooster (1958)

Dimensions

9 inches high

Artist or Maker

Medium

solid 18-karat gold (206.3 troy ounces)

Date

1908-2000

Provenance

The following is the history of the Golden Rooster as stated in a brochure from the Nugget Casino:THE IDEA IS HATCHEDJust prior to the opening of the Nugget Casino on May 18, 1958, one question still remained unanswered: What can be done to identify the Nugget's newest speciality restaurant, the Golden Rooster Room? Each of the Nugget's restaurants had its own distinctive menu and decor-the Golden Rooster Room must stand out as well! Heads were put together, and an idea was born: Make a solid gold statue of a rooster-a masterpiece of art, to be displayed for the pleasure of all Nugget patrons. Sculptor Frank Polk created the original model from which the Rooster was fashioned.Permission was quickly secured from the San Francisco Mint to make the Golden Rooster, and Newman's Silver Shop of Reno and Shreve's of San Francisco were commissioned to begin. Within four months, the rooster was ready to be displayed. It was transported to the Nugget and placed in a special bullet-proof glass case and soon became an outstanding tourist attraction.THE GOLDEN ROOSTER DRAWS MORE THAN CROWDS!Seven months after going on display, the Golden Rooster attracted the attention of the United States Treasury Department, who charged that it was in violation of the Gold Reserve Act. This act states that a private individual cannot have more than fifty ounces of gold in his possession unless it is an object of art. The Golden Rooster would have to be confiscated! The Nugget informed the Treasure officials that permission had been granted through Shreve's by the U. S. Mint, and, after verifying this, the matter was dropped-for 18 months."THE UNITED STATES VS THE ROOSTER"A year and a half later, July, 1960, the Nugget was again visited by the Treasury Department-this time to present the Nugget with an official complaint entitled: "United States of America vs One Solid Gold Object in the Form of a Rooster." The Golden Rooster would have to go to jail! The Nugget tried to "put up bail," but the request was denied.THE ROOSTER GOES ON TRIALAfter "serving" two years, and after two trial postponements, the Golden Rooster was to have his day in court. The decision would rest on whether the Golden Rooster was an object of art. The Nugget contended that the Rooster was a customary and artistic use of gold-the government said no! Unfortunately the government was unable to sway the art critics who were asked to attest to the Rooster's artistic value. All agreed with the Nugget. So did the jury of ten men and two women, and the Golden Rooster was free again. Newspapers throughout the nation carried stories of the famed Rooster, displaying headlines that shouted: "Solid Gold Bird Liberated!"The Rooster was returned to its special display case in the Nugget near the entrance to the Golden Rooster Room (now called El Gallo de Oro). After all, the Nugget's Golden Rooster is a beautiful art object-with a federal Court decision to prove it!PROVENANCE:John Ascuaga, Sparks, Nevada

Payment & Shipping

Payment

Accepted forms of payment: MasterCard, Money Order / Cashiers Check, Personal Check, Visa, Wire Transfer

Shipping

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Auction Details

The 2014 Coeur d'Alene Art Auction

by
Coeur d’Alene Art Auction
July 26, 2014, 12:00 PM PST

2707 South Virginia Street, Reno, NV, 89502, US

Terms

Live bidding may start higher or lower

Buyer's Premium

$0 - 499,999:23.0%
$500,000+:18.0%

Bidding Increments

From:To:Increment:
$0$4,999$250
$5,000$9,999$500
$10,000$19,999$1,000
$20,000$49,999$2,500
$50,000$99,999$5,000
$100,000$199,999$10,000
$200,000$499,999$25,000
$500,000+$50,000

Term&Condition of Sale

Visa/Mastercard payment is accepted up to $10,000 with the balance to be paid by check or wire. Credit Card purchases cannot exceed $10,000 regardless of the number of lots purchased. Buyer's premium is 20% of the hammer price up to $500,000 and 15% of the excess of the final bid price above $500,000, plus any applicable sales tax. The buyer's premium is calculated seperately for each lot. Nevada State sales tax of 7.725% will be added to items picked up or remaining in Nevada. No sales tax applies to items shipped out of the State of Nevada. All sales are final, with no exchanges or refunds. Titled to the lot passes to buyer upon the fall of the auctioneer's hammer and the annnouncement by the auctioneer that the lot has been sold. The buyer assumes full risk and responsibility for the lot and shall immediately pay the the full puchase price. All property is sold "as is" and the the Coeur d' Alene Art Auction does not make any guarantees, warranties or representations, expressed of implied, as to merchantability or fitness for a paticular purpose, the correctness of the catalog or other description of the authenticity, physical condition, size, medium, provenance, literature or historical relevance of any property. Some items may be offered with reserves which is the minimum price below which a lot will not be sold. In no event shall the reserve exceed the low estimate listed in the catalog.

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