Andy Warhol Leads Bonhams $745,600 'Prints & Multiples' Auction in London

A work by Andy Warhol was the headline sale at Bonhams 'Prints & Multiples' auction on June 12 in London.

• The sale totaled $745,600, falling short of its pre-sale low estimate.

Snapshot of the sale

• 50 works sold totaling $745,600.
• Estimates totaled: $984,700 (low) and $1.42m (high), excluding premiums.
• The sell-through rate was 62% of the original 81 lots announced.

The star lot was: Andy Warhol, Marilyn Monroe (1967), which sold for $162,300, 27% above its $127,200 low estimate.

The outperformer sold for 250% above its low estimate. MC Escher, Palm Tree, from XXIV Emblemata (1931), sold for $8,968 ($2,543 low estimate). It has been traded twice in the past.

• 15 works, or 30%, sold above their high estimate.
• 35 works, or 70%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

31 works were bought-in, including: Banksy, Love is in the Air (2003), estimated at $101,700 (low) to $152,600 (high).

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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