3 min read · 21 Nov 2024
Stay Song 27 by Stanley Whitney sold for $203,700. Image courtesy of Bonhams
A work by Stanley Whitney was the headline sale at Bonhams 'Post-War & Contemporary Art' auction on November 21 in New York.
The star lot was: Stanley Whitney, Stay Song 27 (2018), which sold for $203,700, 13% above its $180,000 low estimate. It has been traded twice in the past.
The outperformer sold for 437% above its low estimate. Lynne Drexler, Untitled (1959), sold for $26,900 ($5,000 low estimate). It has been traded twice in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
23 works were bought-in, including: Wayne Thiebaud, Dog and Shadow (2007), estimated at $300,000 (low) to $500,000 (high). It has been traded once in the past.
1 work was withdrawn before the sale: David Salle, Tree of Life #22 (2021) estimated at $120,000 (low) to $180,000 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.