Yannis Tsarouchis Leads Bonhams Cornette de Saint Cyr $3.13m 'The Greek Sale'

A work by Yannis Tsarouchis was the headline sale at Bonhams Cornette de Saint Cyr 'The Greek Sale' on November 20.

• The sale totaled $3.13m (EUR2.96m), meeting the pre-sale estimate.

Snapshot of the sale

• 115 works sold totaling $3.13m.
• Estimates totaled: $2.55m (low) and $3.81m (high), excluding premiums.
• The sell-through rate was 67% of the original 171 lots announced.

The star lot was: Yannis Tsarouchis, Young Man Posing as Eros with an English Chair (Undated), which sold for $604,900, 39% above its $432,600 low estimate. It has not been traded before.

The outperformer sold for 550% above its low estimate. Nikos HadjiKyriakos-Ghika, Forest with sun (1966), sold for $35,200 ($5,407 low estimate).

• 62 works, or 54%, sold above their high estimate.
• 53 works, or 46%, 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

53 works were bought-in, including: Theofilos Hadjimichael, Ali Pasha on Lake Ioannina (Undated), estimated at $75,700 (low) to $108,100 (high). It has been traded once in the past.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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