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 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
No sales had a guarantee.
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.
0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.