Arnaldo Pomodoro Leads Rago Arts & Auction Center $2.43m 'Unbound: The Dina & Jerry Wind Collection' Auction in Lambertville
3 min read · 25 Apr 2024
Sfera con sfera by Arnaldo Pomodoro sold for $441,000. Image courtesy of Rago Arts & Auction Center
A work by Arnaldo Pomodoro was the headline sale at Rago Arts & Auction Center 'Unbound: The Dina & Jerry Wind Collection' auction on April 23 in Lambertville.
- The sale totaled $2.43m, meeting the pre-sale estimate.
Snapshot of the sale
- 68 works sold totaling $2.43m.
- Estimates totaled: $2.17m (low) and $3.12m (high), excluding premiums.
- The sell-through rate was 91% of the original 75 lots announced.
The star lot was: Arnaldo Pomodoro, Sfera con sfera (1995), which sold for $441,000, 26% above its $350,000 low estimate. It has not been traded before.
The outperformer sold for 500% above its low estimate. Rob Sieminski, Tornado Spiral Pot with Pebbled Interior (1992), sold for $3,930 ($600 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
- 35 works, or 51%, sold above their high estimate.
- 15 works, or 22%, sold within their low and high estimate.
- 18 works, or 26%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
7 works were bought-in, including: Anthony Caro, Medusa (1989), estimated at $150,000 (low) to $200,000 (high). It has not been traded before.
Withdrawn before the sale
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.