Artcurial Art Contemporain Auction Totals $1.4m

A work by Robert Combas was the headline sale at Artcurial 'Art Contemporain' auction on June 4 in Paris.

• The sale totaled $1.4m (EUR1.2m), meeting the pre-sale estimate.

Snapshot of the sale

• 173 works sold totaling $1.4m.
• Estimates totaled: $1.31m (low) and $1.92m (high), excluding premiums.
• The sell-through rate was 67% of the original 258 lots announced.

The star lot was: Robert Combas, Signature with Leg Hair (1984), which sold for $92,400, 32% above its $69,800 low estimate. It has not been traded before.

The outperformer sold for 412% above its low estimate. Gudmundur Erro, Untitled (1989), sold for $4,771 ($931 low estimate). It has not been traded before.

• 88 works, or 51%, sold above their high estimate.
• 81 works, or 47%, sold within their low and high estimate.
• 4 works, or 2%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

83 works were bought-in, including: Hans Hartung, HH6324 (1950), estimated at $58,200 (low) to $81,500 (high). It has not been traded before.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Andre Lanskoy, Untitled (Undated), estimated at $3,491 (low) to $5,819 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.