Andy Warhol Leads Sotheby's, Online $5.79m 'Prints & Multiples' Auction
3 min read · 23 Oct 2024
Ten Portraits of Jews of the Twentieth Century by Andy Warhol sold for $312,000. Image courtesy of Sotheby's, Online
A work by Andy Warhol was the headline sale at Sotheby's, Online 'Prints & Multiples' auction on October 22.
- The sale totaled $5.79m, meeting the pre-sale estimate.
Snapshot of the sale
- 138 works sold totaling $5.79m.
- Estimates totaled: $5.07m (low) and $7.54m (high), excluding premiums.
- The sell-through rate was 84% of the original 165 lots announced.
The star lot was: Andy Warhol, *Ten Portraits of Jews of the Twentieth Century * (1980), which sold for $312,000, 4% above its $300,000 low estimate.
The outperformer sold for 524% above its low estimate. Willem de Kooning, Untitled (1972), sold for $31,200 ($5,000 low estimate).
Breakdown of results against auction house estimates that are disclosed
- 68 works, or 49%, sold above their high estimate.
- 50 works, or 36%, sold within their low and high estimate.
- 20 works, or 14%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
24 works were bought-in, including: Edward Hopper, *The Monhegan Boat * (1919), estimated at $240,000 (low) to $280,000 (high).
Withdrawn before the sale
3 works were withdrawn before the sale, including: Barnett Newman, *Untitled Etching 1 * (1969) estimated at $50,000 (low) to $70,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
