3 min read · 27 Mar 2024
Girl with Balloon by Banksy sold for $302,900. Image courtesy of Christie's Online
A work by Banksy was the headline sale at Christie's Online 'Contemporary Edition: London' auction on March 26.
The star lot was: Banksy, Girl with Balloon (2004), which sold for $302,900, 60% above its $189,100 low estimate.
The outperformer sold for 325% above its low estimate. Damien Hirst, Loyalty (2021), sold for $44,600 ($10,100 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.