Artcurial Art Moderne Auction Totals $1.03m

A work by Francois Pompon was the headline sale at Artcurial 'Art Moderne' auction on June 3 in Paris.

• The sale totaled $1.03m (EUR888,600), meeting the pre-sale estimate.

Snapshot of the sale

• 112 works sold totaling $1.03m.
• Estimates totaled: $926,800 (low) and $1.32m (high), excluding premiums.
• The sell-through rate was 77% of the original 146 lots announced.

The star lot was: Francois Pompon, Sleeping Rooster (State A) (1914), which sold for $49,300, 51% above its $32,600 low estimate. It has not been traded before.

The outperformer sold for 2724% above its low estimate. Charles Despiau, Dionysus (Undated), sold for $9,861 ($349 low estimate).

• 73 works, or 65%, sold above their high estimate.
• 39 works, or 35%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

33 works were bought-in, including: Bernard Buffet, Blue Delphiniums (1964), estimated at $93,100 (low) to $139,600 (high). It has not been traded before.

Withdrawn before the sale

1 work was withdrawn before the sale: Jacques Truphemus, Mangoes and Watermelon on a Pink-Orange Background (2004), estimated at $4,655 (low) to $6,982 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.