Christie's Modern American Art Online Auction Totals $1.05m

A work by Charles Biederman was the headline sale at Christie's 'Modern American Art Online' auction on March 20-April 17 in New York.

• The sale totaled $1.05m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 70 works sold totaling $1.05m.
• Estimates totaled: $500,000 (low) and $765,400 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Charles Biederman, New York #3 (1940), which sold for $152,400, 1170% above its $12,000 low estimate. It has been traded once in the past.

The outperformer sold for 3710% above its low estimate. Jean Wade, Weekend at Woodmont (Undated), sold for $19,100 ($500 low estimate). It has been traded once in the past.

• 30 works, or 43%, sold above their high estimate.
• 17 works, or 24%, sold within their low and high estimate.
• 23 works, or 33%, 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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