3 min read · 07 Mar 2024
Meeting Place by Bryan Wynter sold for $533,400. Image courtesy of Sotheby's, Online
A work by Bryan Wynter was the headline sale at Sotheby's, Online 'Selections from The Museum of Modern Art: c. 1890-1960' auction on March 5.
The star lot was: Bryan Wynter, Meeting Place (1957), which sold for $533,400, 700% above its $60,000 low estimate. It has not been traded before.
The outperformer sold for 10000% above its low estimate. Francesco Cristofanetti, Festival (1942), sold for $20,300 ($200 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.
1 work was bought-in: Oskar Moll, Snow Landscape with Red Bridge (1942), estimated at $30,000 (low) to $50,000 (high). It has been traded once in the past.
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.