Pierre-Auguste Renoir Leads Christie's $5.9m 'Collection Henri Canonne' Auction in Paris

A work by Pierre-Auguste Renoir was the headline sale at Christie's 'Ancienne collection Henri Canonne - Une leçon impressionniste' auction on April 9 in Paris.

• The sale totaled $5.94m (EUR5.37m), falling short of its pre-sale low estimate.

Snapshot of the sale

• 30 works sold totaling $5.94m.
• Estimates totaled: $6.75m (low) and $9.97m (high), excluding premiums.
• The sell-through rate was 91% of the original 33 lots announced.

The star lot was: Pierre-Auguste Renoir, La Leçon d’écriture (1905), which sold for $2.66m, 22% above its $2.17m low estimate. It has been traded 4 times in the past.

The outperformer sold for 329% above its low estimate. Ker Xavier Roussel, Pomme et bouquet de fleurs (1915), sold for $14,000 ($3,251 low estimate). It has been traded 3 times in the past.

• 22 works, or 73%, sold above their high estimate.
• 6 works, or 20%, sold within their low and high estimate.
• 2 works, or 7%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

1 work was bought-in: Andre Dunoyer de Segonzac, Paysage d'hiver (Undated), estimated at $1,084 (low) to $1,625 (high). It has been traded once in the past.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Pierre-Auguste Renoir, Jeune fille appuyée sur sa main (1894) estimated at $2.38m (low) to $3.47m (high).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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.