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 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
No sales had a guarantee.
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.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.