Banksy Leads Bonhams $450,500 'Prints & Multiples' Auction

A work by Banksy was the headline sale at Bonhams 'Prints & Multiples' auction on June 26.

• The sale totaled $450,500, falling short of its pre-sale low estimate.

Snapshot of the sale

• 202 works sold totaling $450,500.
• Estimates totaled: $456,500 (low) and $671,100 (high), excluding premiums.
• The sell-through rate was 68% of the original 298 lots announced.

The star lot was: Banksy, Applause (2006), which sold for $16,200, 27% above its $12,700 low estimate.

The outperformer sold for 375% above its low estimate. Tracey Emin, Billy And Traci in a Pub (1984), sold for $6,165 ($1,274 low estimate). It has been traded once in the past.

• 83 works, or 41%, sold above their high estimate.
• 106 works, or 52%, sold within their low and high estimate.
• 13 works, or 6%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

95 works were bought-in, including: Harland Miller, XXX (Undated), estimated at $10,200 (low) to $15,300 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Henri Matisse, Nu assis bras croisés supportant la tête (1929) estimated at $1,910 (low) to $2,547 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.