NEW YORK - Long may they wave, somewhere.
An anonymous bidder paid nearly $17.4 million on Wednesday for four rare flags from the American Revolution - remarkably intact regimental standards that had been captured by a British officer in 1779-80 and were put up for auction by one of his direct descendants 225 years later.
“These are inspirational, an extraordinary window into the birth of our country,” said David Redding, a vice president of Sotheby's, which conducted the sale.
Redding noted that during wars of the 18th century, the primary targets in a battle were the opposing commanders and their units' flags, as trophies of victory.
“You can imagine the soldiers carrying them, who suffered grievous wounds and made sacrifices to defend what were sacred objects,” he said in a telephone interview. “You look at them, and you really get a sense of looking at something that has a great deal of spiritual significance.”
The final sales price for the four flags was well over Sotheby's pre-sale estimate of $4 million to $10 million.
The eventual buyer, bidding by telephone, asked not to be identified, Sotheby's spokeswoman Lauren Gioia said.
Bidding in the packed room was intense, and limited in each case to three bidders - one present and two by telephone in the first case, two in the room and one by telephone in the second.
The same buyer prevailed each time, Gioia said.
Only about 30 Revolutionary War flags are known to exist, and all except the four sold at auction are in museums or other institutional collections, Sotheby's said.
Most also are in physical fragments with only bits of historic information available about them.
The four flags, by contrast, are in good condition and their histories were well documented by Lt. Col. Banastre Tarleton, a firebrand British officer who captured them in battles in two widely separated locations nearly a year apart.
On July 2, 1779, the 24-year-old Tarleton led his cavalry unit, known as the Green Dragoons, in a surprise attack on the Continental Army's 2nd Light Dragoons, a Connecticut regiment also known as Sheldon's Dragoons, at Pound Ridge, N.Y.
The redcoats routed the Americans, capturing supplies, weapons and the unit's battle flag - a banner with 13 red and white stripes and a field with a painted thundercloud.
Nine months later, on May 29, 1780, Tarleton did it again, capturing three flags belonging to a Virginia regiment led by Lt. Col. Abraham Buford, in a clash at Waxsaws, on the border of North and South Carolina.
In a post-war memoir, Tarleton said “upwards of 100 officers and men were killed and three colours... fell into the possession of the victors.“
The latter, Sotheby's said, are “the only intact set of American battle flags surviving” from the Revolutionary War.“
The main one is of gold silk, depicting a beaver gnawing on a palmetto tree, the state symbol of South Carolina, and the others are gold and blue silk, bearing the word ”Regiment.“
Sotheby's identified the seller of the flag collection as Capt. Christopher Tarleton Fagan, a direct descendant of the officer whose forces captured them.
The Connecticut Dragoons flag, with an estimated presale value of $1.5 to $3.5 million, was sold for $12.36 million, and the group of three Buford flags, known as the Waxsaws Colors, went for $5.056 million, after a presale estimate of $2.5 to $6.5 million.
Sotheby's did not mention a house premium, but one normally is included in the sale price.
In his memoirs, Tarleton described the capture of the Connecticut regiment's flag as a “disgrace” to the Americans, commanded by Col. Elisha Sheldon.
The regiment was reconstituted 200 years later, and still takes part in Revolutionary War reenactments, flying a flag nearly identical to the one its forebears lost.
“These are inspirational, an extraordinary window into the birth of our country,” said David Redding, a vice president of Sotheby's, which conducted the sale.
Redding noted that during wars of the 18th century, the primary targets in a battle were the opposing commanders and their units' flags, as trophies of victory.
“You can imagine the soldiers carrying them, who suffered grievous wounds and made sacrifices to defend what were sacred objects,” he said in a telephone interview. “You look at them, and you really get a sense of looking at something that has a great deal of spiritual significance.”
The final sales price for the four flags was well over Sotheby's pre-sale estimate of $4 million to $10 million.
The eventual buyer, bidding by telephone, asked not to be identified, Sotheby's spokeswoman Lauren Gioia said.
Bidding in the packed room was intense, and limited in each case to three bidders - one present and two by telephone in the first case, two in the room and one by telephone in the second.
The same buyer prevailed each time, Gioia said.
Only about 30 Revolutionary War flags are known to exist, and all except the four sold at auction are in museums or other institutional collections, Sotheby's said.
Most also are in physical fragments with only bits of historic information available about them.
The four flags, by contrast, are in good condition and their histories were well documented by Lt. Col. Banastre Tarleton, a firebrand British officer who captured them in battles in two widely separated locations nearly a year apart.
On July 2, 1779, the 24-year-old Tarleton led his cavalry unit, known as the Green Dragoons, in a surprise attack on the Continental Army's 2nd Light Dragoons, a Connecticut regiment also known as Sheldon's Dragoons, at Pound Ridge, N.Y.
The redcoats routed the Americans, capturing supplies, weapons and the unit's battle flag - a banner with 13 red and white stripes and a field with a painted thundercloud.
Nine months later, on May 29, 1780, Tarleton did it again, capturing three flags belonging to a Virginia regiment led by Lt. Col. Abraham Buford, in a clash at Waxsaws, on the border of North and South Carolina.
In a post-war memoir, Tarleton said “upwards of 100 officers and men were killed and three colours... fell into the possession of the victors.“
The latter, Sotheby's said, are “the only intact set of American battle flags surviving” from the Revolutionary War.“
The main one is of gold silk, depicting a beaver gnawing on a palmetto tree, the state symbol of South Carolina, and the others are gold and blue silk, bearing the word ”Regiment.“
Sotheby's identified the seller of the flag collection as Capt. Christopher Tarleton Fagan, a direct descendant of the officer whose forces captured them.
The Connecticut Dragoons flag, with an estimated presale value of $1.5 to $3.5 million, was sold for $12.36 million, and the group of three Buford flags, known as the Waxsaws Colors, went for $5.056 million, after a presale estimate of $2.5 to $6.5 million.
Sotheby's did not mention a house premium, but one normally is included in the sale price.
In his memoirs, Tarleton described the capture of the Connecticut regiment's flag as a “disgrace” to the Americans, commanded by Col. Elisha Sheldon.
The regiment was reconstituted 200 years later, and still takes part in Revolutionary War reenactments, flying a flag nearly identical to the one its forebears lost.
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