Chagall Leads Christie's Online $1.19m 'The Alan and Marianne Schwartz Collection' Auction
3 min read · 20 Nov 2024
Bouquet Multicolore by Marc Chagall sold for $35,300. Image courtesy of Christie's Online
A work by Marc Chagall was the headline sale at Christie's Online 'Graphic Century: Featuring Exceptional Impressions from The Alan and Marianne Schwartz Collection' auction on November 19.
- The sale totaled $1.19m, exceeding the pre-sale high estimate.
Snapshot of the sale
- 285 works sold totaling $1.19m.
- Estimates totaled: $770,300 (low) and $1.14m (high), excluding premiums.
- The sell-through rate was 95% of the original 301 lots announced.
The star lot was: Marc Chagall, Bouquet Multicolore (1975), which sold for $35,300, 135% above its $15,000 low estimate.
The outperformer sold for 2168% above its low estimate. John Storrs, The Spirit of the Night (1937), sold for $22,700 ($1,000 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 135 works, or 47%, sold above their high estimate.
- 70 works, or 25%, sold within their low and high estimate.
- 80 works, or 28%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
16 works were bought-in, including: Paul Cadmus, Going South (1936), estimated at $6,000 (low) to $8,000 (high). It has been traded once in the past.
Withdrawn before the sale
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.