Elton John's Bruce Weber Leads Christie's Online $707,600 'Love, Lust and Devotion' Auction

A work by Bruce Weber was the headline sale at Christie's Online 'The Collection of Sir Elton John: Love, Lust and Devotion' auction on February 28 in None.

• The sale totaled $707,600, exceeding the pre-sale high estimate.

Snapshot of the sale

• 66 works sold totaling $707,600.
• Estimates totaled: $296,000 (low) and $451,500 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Bruce Weber, *Peter at my loft, NYC * (1997), which sold for $32,800, 1500% above its $2,000 low estimate. It has been traded once in the past.

The outperformer sold for 1500% above its low estimate. Bruce Weber, Rick Arango, Point Conception, Santa Barbara, California (1987), sold for $16,400 ($1,000 low estimate).

• 45 works, or 68%, sold above their high estimate.
• 15 works, or 23%, sold within their low and high estimate.
• 6 works, or 9%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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