Andy Warhol Leads Bonhams $460,700 'Prints & Multiples' Auction

A work by Andy Warhol was the headline sale at Bonhams 'Prints & Multiples' auction on June 18.

• The sale totaled $460,700, meeting the pre-sale estimate.

Snapshot of the sale

• 130 works sold totaling $460,700.
• Estimates totaled: $376,000 (low) and $544,200 (high), excluding premiums.
• The sell-through rate was 77% of the original 169 lots announced.

The star lot was: Andy Warhol, Liz (1964), which sold for $38,400, 60% above its $24,000 low estimate.

The outperformer sold for 400% above its low estimate. David Hockney, Ojai Festival (1981), sold for $1,664 ($300 low estimate).

• 60 works, or 46%, sold above their high estimate.
• 42 works, or 32%, sold within their low and high estimate.
• 28 works, or 22%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

38 works were bought-in, including: Ellsworth Kelly, Woodland Plant (1979), estimated at $10,000 (low) to $15,000 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Roy Lichtenstein, Crying Girl (Castelli mailer) (1963) estimated at $1,000 (low) to $1,500 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.