Bonhams Online Editions Auction Totals $663,600

A work by Paul Landacre was the headline sale at Bonhams 'Online Editions' auction on July 20-30 in Los Angeles.

• The sale totaled $663,600, meeting the pre-sale estimate.

Snapshot of the sale

• 174 works sold totaling $663,600.
• Estimates totaled: $441,800 (low) and $681,200 (high), excluding premiums.
• The sell-through rate was 82% of the original 212 lots announced.

The star lot was: Paul Landacre, Growing Corn (1938), which sold for $17,900, 497% above its $3,000 low estimate.

The outperformer sold for 497% above its low estimate. After David Hockney, Four Posters (1988), sold for $8,960 ($1,500 low estimate).

• 92 works, or 53%, sold above their high estimate.
• 42 works, or 24%, sold within their low and high estimate.
• 40 works, or 23%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

38 works were bought-in, including: Joan Miro, Les Pénalités de l'enfer ou les nouvelles-hébrides (The Penalties of Hell or the New Hebrides) (1974), estimated at $4,000 (low) to $6,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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