Alighiero e Boetti Leads Bonhams Cornette de Saint Cyr $3.69m 'Post-War & Contemporary Art' Auction in Paris
3 min read · 07 Jun 2024
Today is the tenth day of the eighth month of the year one thousand nine hundred and eighty-eight next to the Pantheon by Alighiero e Boetti sold for $484,200. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Alighiero e Boetti was the headline sale at Bonhams Cornette de Saint Cyr 'Post-War & Contemporary Art' auction on June 6 in Paris.
- The sale totaled $3.69m, meeting the pre-sale estimate.
Snapshot of the sale
- 65 works sold totaling $3.69m.
- Estimates totaled: $2.9m (low) and $4.34m (high), excluding premiums.
- The sell-through rate was 76% of the original 86 lots announced.
The star lot was: Alighiero e Boetti, Today is the tenth day of the eighth month of the year one thousand nine hundred and eighty-eight next to the Pantheon (1988), which sold for $484,200, 48% above its $325,700 low estimate. It has been traded twice in the past.
The outperformer sold for 500% above its low estimate. Joseph Sima, Untitled (1960), sold for $13,900 ($2,171 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 38 works, or 58%, sold above their high estimate.
- 26 works, or 40%, sold within their low and high estimate.
- 1 works, or 2%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
21 works were bought-in, including: Enrico Castellani, White area (1997), estimated at $162,800 (low) to $217,100 (high). It has been traded 5 times in the past.
Withdrawn before the sale
0 works were withdrawn
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.