3 min read · 01 May 2024
Underterminated Lines by Bernar Venet sold for $95,600. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Bernar Venet was the headline sale at Bonhams 'Contemporary Art' auction on April 30 in Paris.
The star lot was: Bernar Venet, Underterminated Lines (1991), which sold for $95,600, 78% above its $53,500 low estimate.
The outperformer sold for 400% above its low estimate. Dusan Dzamonja, Drawing (1991), sold for $11,000 ($2,138 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
45 works were bought-in, including: Daniel Buren, Untitled (2005), estimated at $21,400 (low) to $32,100 (high).
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.