Tadao Ando Leads Christie's Online $1.84m 'Post-War and Contemporary Art Online' Auction

A work by Tadao Ando was the headline sale at Christie's Online 'Post-War and Contemporary Art Online' auction on March 12.

• The sale totaled $1.84m (GBP1.42m), meeting the pre-sale estimate.

Snapshot of the sale

• 115 works sold totaling $1.84m.
• Estimates totaled: $1.52m (low) and $2.27m (high), excluding premiums.
• The sell-through rate was 91% of the original 126 lots announced.

The star lot was: Tadao Ando, Blue Rose in the Cube Study 1 (2018), which sold for $114,400, 804% above its $12,600 low estimate. It has not been traded before.

The outperformer sold for 804% above its low estimate. Tadao Ando, Blue Rose in the Cube Study 1 (2018), sold for $114,400 ($12,600 low estimate). It has not been traded before.

• 40 works, or 35%, sold above their high estimate.
• 40 works, or 35%, sold within their low and high estimate.
• 35 works, or 30%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

10 works were bought-in, including: Sol Lewitt, Untitled (1993), estimated at $75,900 (low) to $101,200 (high). It has not been traded before.

Withdrawn before the sale

1 work was withdrawn before the sale: Yulia Iosilzon, The Cloud Curtains (2023) estimated at $3,781 (low) to $6,302 (high).

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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.