Nguyen Gia Tri Leads Bonhams Cornette de Saint Cyr $415,000 'Vietnamese Art Online' Auction

A work by Nguyen Gia Tri was the headline sale at Bonhams Cornette de Saint Cyr 'Vietnamese Art Online' auction on June 13.

• The sale totaled $415,000 (EUR359,500), exceeding the pre-sale high estimate.

Snapshot of the sale

• 18 works sold totaling $415,000.
• Estimates totaled: $273,500 (low) and $394,400 (high), excluding premiums.
• The sell-through rate was 75% of the original 24 lots announced.

The star lot was: Nguyen Gia Tri, Sonate du pays des fées (Undated), which sold for $125,100, 38% above its $90,500 low estimate. It has been traded twice in the past.

The outperformer sold for 1075% above its low estimate. Mai Trung Thu, The Class (1960), sold for $1,330 ($113 low estimate).

• 9 works, or 50%, sold above their high estimate.
• 7 works, or 39%, sold within their low and high estimate.
• 2 works, or 11%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

6 works were bought-in, including: Joseph Inguimberty, Airole pris depuis les jardins (Undated), estimated at $11,300 (low) to $17,000 (high). It has been traded 3 times 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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