Andy Warhol Leads Christie's $8.68m 'Prints and Multiples' Auction in New York
3 min read · 02 Nov 2023
Moonwalk by Andy Warhol sold for $693,000. Image courtesy of Christie's
A work by Andy Warhol was the headline sale at Christie's 'Prints and Multiples' Auction on October 27-28 in New York.
- The sale totaled $8.68m, meeting the pre-sale estimate.
Snapshot of the sale
182 works sold, totaling $8.68m.
Estimates totaled $6.79m (low) and $10m (high), excluding premiums.
The sell-through rate was 79% of the original 229 lots announced.
The star lot was: Andy Warhol, Moonwalk (1987), which sold for $693,000, 175% above its $250,000 low estimate.
The outperformer sold for 275% above its low estimate. Andy Warhol, Buffalo Nickel, from Cowboys and Indians (1986), sold for $277,200 ($70,000 low estimate).
Breakdown of results against auction house estimates that are disclosed
88 works, or 48%, sold above their high estimate.
80 works, or 44%, sold within their low and high estimate.
14 works, or 8%, sold below their low estimate.
0 sold with undisclosed estimates.
No sales had a guarantee.
Works that did not sell
44 works were bought-in, including: Pablo Picasso, Le Repas frugal, from La Suite des Saltimbanques (1914), estimated at $100,000 (low) to $150,000 (high). It has not been traded before.
Withdrawn before the sale
3 works were withdrawn before the sale, including: Richard Diebenkorn, 41 Etchings Drypoints (1965) estimated at $100,000 (low) to $150,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.