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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.

Guaranteed sales

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Withdrawn before the sale

3 works were withdrawn before the sale, including: Richard Diebenkorn, 41 Etchings Drypoints (1965) estimated at $100,000 (low) to $150,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.


Andy Warhol

New York