Bonhams Editions I & II Auction Totals $1.5m

A work by Andy Warhol was the headline sale at Bonhams 'Editions I & II: David Hockney | Fine Prints & Multiples' auction on June 23-23 in London.

• The sale totaled $1.5m (GBP1.14m), meeting the pre-sale estimate.

Snapshot of the sale

• 114 works sold totaling $1.5m.
• Estimates totaled: $1.34m (low) and $2m (high), excluding premiums.
• The sell-through rate was 81% of the original 141 lots announced.

The star lot was: Andy Warhol, Moonwalk (1987), which sold for $210,900, 5% above its $200,100 low estimate.

The outperformer sold for 343% above its low estimate. Pablo Picasso, Le Portraitiste (1966), sold for $11,800 ($2,668 low estimate). It has not been traded before.

• 58 works, or 51%, sold above their high estimate.
• 45 works, or 39%, sold within their low and high estimate.
• 11 works, or 10%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

26 works were bought-in, including: Various Artists, Artists United For Nature Columbus: In Search of a New Tomorrow (1992), estimated at $53,400 (low) to $80,100 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Stik, Lovers (Blue) (2011), estimated at $26,700 (low) to $40,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.