Andy Warhol Leads Rago Arts & Auction Center $1.84m 'Prints + Multiples' Auction in Lambertville
3 min read · 17 Oct 2024
Marilyn Monroe by Andy Warhol sold for $277,200. Image courtesy of Rago Arts & Auction Center
A work by Andy Warhol was the headline sale at Rago Arts & Auction Center 'Prints + Multiples' auction on October 16 in Lambertville.
- The sale totaled $1.84m, meeting the pre-sale estimate.
Snapshot of the sale
- 250 works sold totaling $1.84m.
- Estimates totaled: $1.45m (low) and $2.14m (high), excluding premiums.
- The sell-through rate was 91% of the original 275 lots announced.
The star lot was: Andy Warhol, Marilyn Monroe (1967), which sold for $277,200, 38% above its $200,000 low estimate.
The outperformer sold for 320% above its low estimate. Helen Frankenthaler, Grey Fireworks (2000), sold for $63,000 ($15,000 low estimate).
Breakdown of results against auction house estimates that are disclosed
- 91 works, or 36%, sold above their high estimate.
- 100 works, or 40%, sold within their low and high estimate.
- 59 works, or 24%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
22 works were bought-in, including: Roy Lichtenstein, Reclining Nude (from the Expressionist Woodcut series) (1980), estimated at $40,000 (low) to $60,000 (high).
Withdrawn before the sale
3 works were withdrawn before the sale, including: Andy Warhol, Cow (1976) estimated at $5,000 (low) to $7,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
