Hassan el Glaoui Leads Artcurial $51,700 'Orientalisme Online' Auction

A work by Hassan el Glaoui was the headline sale at Artcurial 'Orientalisme Online' auction on June 12.

• The sale totaled $51,700 (EUR44,900), falling short of its pre-sale low estimate.

Snapshot of the sale

• 21 works sold totaling $51,700.
• Estimates totaled: $167,300 (low) and $220,800 (high), excluding premiums.
• The sell-through rate was 37% of the original 57 lots announced.

The star lot was: Hassan el Glaoui, Cavaliers (Undated), which sold for $9,524, 18% above its $8,005 low estimate.

The outperformer sold for 142% above its low estimate. Jean Raymond Hippolyte Lazerges, Le Berger (1878), sold for $832 ($343 low estimate).

• 10 works, or 48%, sold above their high estimate.
• 11 works, or 52%, 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

36 works were bought-in, including: Ètienne Dinet, Bather (Undated), estimated at $34,300 (low) to $45,700 (high).

Withdrawn before the sale

0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.