Artcurial Urban Masterpieces Auction Totals $503,300

A work by Futura 2000 was the headline sale at Artcurial 'Urban Masterpieces' auction on April 21 in Paris.

• The sale totaled $503,300 (EUR428,100), falling short of its pre-sale low estimate.

Snapshot of the sale

• 32 works sold totaling $503,300.
• Estimates totaled: $698,100 (low) and $1m (high), excluding premiums.
• The sell-through rate was 59% of the original 54 lots announced.

The star lot was: Futura 2000, Star System (1985), which sold for $59,100, 43% above its $41,200 low estimate. It has not been traded before.

The outperformer sold for 481% above its low estimate. Ernest Pignon-Ernest, Untitled (Ecstasies series - Hildegard of Bingen) (2004), sold for $13,700 ($2,355 low estimate).

• 14 works, or 44%, sold above their high estimate.
• 17 works, or 53%, sold within their low and high estimate.
• 1 works, or 3%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

20 works were bought-in, including: Invader, IK_17 (2017), estimated at $46,600 (low) to $70,000 (high).

Withdrawn before the sale

2 works were withdrawn before the sale, including: Keith Haring, Untitled (1986), estimated at $9,418 (low) to $14,100 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.