Henri Matisse Leads Bonhams $2.38m 'Prints & Multiples' Auction in Los Angeles

A work by Henri Matisse was the headline sale at Bonhams 'Prints & Multiples' auction on April 8 in Los Angeles.

• The sale totaled $2.38m, meeting the pre-sale estimate.

Snapshot of the sale

• 148 works sold totaling $2.38m.
• Estimates totaled: $1.84m (low) and $2.76m (high), excluding premiums.
• The sell-through rate was 85% of the original 174 lots announced.

The star lot was: Henri Matisse, *Jazz * (1947), which sold for $279,900, 6% below its $300,000 low estimate.

The outperformer sold for 732% above its low estimate. Andy Warhol, Lincoln Center Ticket (1967), sold for $16,600 ($2,000 low estimate). It has not been traded before.

• 69 works, or 47%, sold above their high estimate.
• 56 works, or 38%, sold within their low and high estimate.
• 23 works, or 16%, 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: Egon Schiele, Das Graphische Werk von Egon Schiele (1914), estimated at $80,000 (low) to $120,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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