3 min read · 27 Sep 2024
Mao by Andy Warhol sold for $540,100. Image courtesy of Christie's Online
A work by Andy Warhol was the headline sale at Christie's Online 'Prints and Multiples' auction on September 26.
The star lot was: Andy Warhol, Mao (1972), which sold for $540,100, 28% above its $419,200 low estimate. It has been traded once in the past.
The outperformer sold for 518% above its low estimate. Joan Miro, Le Monocle (1958), sold for $8,102 ($1,310 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
9 works were bought-in, including: David Hockney, Contrejour in the French Style (1974), estimated at $39,300 (low) to $65,500 (high).
0 works were withdrawn
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.