Christie's Breaking Ground: The Private Collection of Marian Goodman Part II Auction Totals $711,400

A work by Gerhard Richter, which had a guarantee, was the headline sale at Christie's 'Breaking Ground: The Private Collection of Marian Goodman Part II' auction on September 18-October 2 in New York.

• The sale totaled $711,400, exceeding the pre-sale high estimate.

Snapshot of the sale

• 54 works sold totaling $711,400.
• Estimates totaled: $404,200 (low) and $595,300 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Gerhard Richter, Untitled (2001), which sold for $115,200, 284% above its $30,000 low estimate. The work was backed by a guarantee. It has not been traded before.

The outperformer sold for 700% above its low estimate. Robert Rauschenberg, Dwan Gallery Poster (1965), sold for $6,400 ($800 low estimate). The work was backed by a guarantee.

• 23 works, or 43%, sold above their high estimate.
• 14 works, or 26%, sold within their low and high estimate.
• 17 works, or 31%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

54 works were backed by guarantees, including: Gerhard Richter, 27.11.18 (2018). It sold for $76,800, 28% above its $60,000 low estimate.. It has not been traded before.

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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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