Andy Warhol Leads Christie's Online $2.47m 'Prints and Multiples' Auction

A work by Andy Warhol was the headline sale at Christie's Online 'Prints and Multiples' auction on March 27.

• The sale totaled $2.47m (GBP1.91m), falling short of its pre-sale low estimate.

Snapshot of the sale

• 109 works sold totaling $2.47m.
• Estimates totaled: $2.85m (low) and $4.15m (high), excluding premiums.
• The sell-through rate was 89% of the original 122 lots announced.

The star lot was: Andy Warhol, Black Rhinoceros, from: Endangered Species (1983), which sold for $154,500, 70% above its $90,700 low estimate. It has not been traded before.

The outperformer sold for 779% above its low estimate. Marc Chagall, La Chasse à l'Oiseau bleu (1969), sold for $68,300 ($7,771 low estimate). It has been traded once in the past.

• 66 works, or 61%, sold above their high estimate.
• 40 works, or 37%, sold within their low and high estimate.
• 3 works, or 3%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

13 works were bought-in, including: Keith Haring, The Fertility Suite (1983), estimated at $310,800 (low) to $453,300 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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