The 2024 Calgary Stampede Canvas Auction has set a new record. At this auction, people and collectors bid on canvases previously used by chuckwagon racers at Stampede. These canvases, often featuring art, are sought after both as collector’s items and for their artistic value.
Unprecedented Averages
This year, the average bid for each canvas reached an all-time high of $115,370.37, the highest average in the auction’s 44-year history. The World Professional Chuckwagon Association (WPCA) described the event: “The 2024 sale was an incredible success with the highest average bid ever seen in the event’s history.” Overall, the auction brought in $3.15 million, making it the seventh highest total in its history, as reported by Global News
Highest Bid
Graf Mechanical Ltd. placed the highest bid of $210,000. They secured the canvas from the previous year’s Cowboys Rangeland Derby champion’s wagon. This generous bid demonstrates the community’s commitment to honoring and preserving the Stampede’s heritage, benefiting local businesses and boosting the economy as reported by Global News.
Economic indicator
Calgarians are bidding at a high level. This shows their optimism about the economy. It also shows their passion for preserving and participating in Stampede cultural traditions. These high bids suggest a healthy local economy where individuals feel secure in investing in significant cultural artifacts.
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