Eugene Boudin Leads Bonhams Skinner $314,300 'European Art' Auction
3 min read · 15 Nov 2024
Le Quai à Saint-Valery-Sur-Somme by Eugene Boudin sold for $38,400. Image courtesy of Bonhams Skinner
A work by Eugene Boudin was the headline sale at Bonhams Skinner 'European Art' auction on November 14.
- The sale totaled $314,300, falling short of its pre-sale low estimate.
Snapshot of the sale
- 58 works sold totaling $314,300.
- Estimates totaled: $461,400 (low) and $675,000 (high), excluding premiums.
- The sell-through rate was 62% of the original 93 lots announced.
The star lot was: Eugene Boudin, Le Quai à Saint-Valery-Sur-Somme (1891), which sold for $38,400, 23% below its $50,000 low estimate. It has been traded 3 times in the past.
The outperformer sold for 1660% above its low estimate. Italian School 19th century, Madonna Eleusa (Undated), sold for $14,100 ($800 low estimate).
Breakdown of results against auction house estimates that are disclosed
- 22 works, or 38%, sold above their high estimate.
- 16 works, or 28%, sold within their low and high estimate.
- 20 works, or 34%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
33 works were bought-in, including: Giovanni Francesco Romanelli, Saint John the Baptist Revealing Christ to Peter and Andrew (Undated), estimated at $30,000 (low) to $50,000 (high).
Withdrawn before the sale
2 works were withdrawn before the sale, including: Ludwig Hermann, A City on the Scheldt (1854) estimated at $3,000 (low) to $5,000 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
