Download the HENI News app

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

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

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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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