A historic chest dating back to 1756, commissioned for Lt. Col. Oliver Arnold of East Greenwich and his wife, Mary Oliver Arnold, took top honors at last weekend's Important Americana auction at Sotheby's auction house in New York City.
The chest, built by prominent eighteenth-century cabinetmaker John Townsend of Newport, fetched $3,554,500, the top price along the Important Americana items up for bid, said Darrell Rocha, a spokesman for the auction house. The price also set a Sotheby's record for a high chest of drawers.
The buyer was identified by Rocha only as “an American private collector.”
For more on the story, check out the Jan. 26 edition of The East Greenwich Pendulum.