Banksy Leads Bonhams $1.7m 'British. Cool.' Auction

A work by Banksy was the headline sale at Bonhams 'British. Cool.' auction on April 16.

• The sale totaled $1.69m (GBP1.27m), exceeding the pre-sale high estimate.

Snapshot of the sale

• 171 works sold totaling $1.69m.
• Estimates totaled: $1.12m (low) and $1.59m (high), excluding premiums.
• The sell-through rate was 77% of the original 223 lots announced.

The star lot was: Banksy, Mickey Snake (2015), which sold for $438,500, 129% above its $191,300 low estimate. It has been traded twice in the past.

The outperformer sold for 428% above its low estimate. Roger Moore, A Yves Saint Laurent Blue Blazer and Garrick Club Tie (Undated), sold for $6,791 ($1,284 low estimate). It has been traded once in the past.

• 88 works, or 51%, sold above their high estimate.
• 62 works, or 36%, sold within their low and high estimate.
• 21 works, or 12%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

51 works were bought-in, including: Banksy, Girl With Balloon (2004), estimated at $63,800 (low) to $89,300 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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