Takis Leads Bonhams Cornette de Saint Cyr $784,400 'Belgian & Contemporary Art' Auction in Brussels

A work by Takis was the headline sale at Bonhams Cornette de Saint Cyr 'Belgian & Contemporary Art' auction on June 18 in Brussels.

• The sale totaled $784,400 (EUR681,600), meeting the pre-sale estimate.

Snapshot of the sale

• 63 works sold totaling $784,400.
• Estimates totaled: $702,800 (low) and $1.01m (high), excluding premiums.
• The sell-through rate was 61% of the original 104 lots announced.

The star lot was: Takis, Double signal (1976), which sold for $146,600, 28% above its $114,300 low estimate.

The outperformer sold for 1189% above its low estimate. Jean Pierre Ghysels, Folded Form (1969), sold for $44,200 ($3,428 low estimate).

• 33 works, or 52%, sold above their high estimate.
• 30 works, or 48%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

40 works were bought-in, including: Miguel Berrocal, Via Appia (Opus 50) (1961), estimated at $51,400 (low) to $68,600 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Philippe Wolfers, Summer or Wife sitting (1925) estimated at $9,141 (low) to $11,400 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.