Christie's Post-War and Contemporary Art Online Auction Totals $2.06m

A work by George Condo was the headline sale at Christie's 'Post-War and Contemporary Art Online' auction on February 25-March 11 in London.

• The sale totaled $2.06m (GBP1.54m), meeting the pre-sale estimate.

Snapshot of the sale

• 151 works sold totaling $2.06m.
• Estimates totaled: $1.53m (low) and $2.3m (high), excluding premiums.
• The sell-through rate was 90% of the original 168 lots announced.

The star lot was: George Condo, The Outer Limit (1992), which sold for $187,700, 362% above its $40,600 low estimate. It has been traded once in the past.

The outperformer sold for 1342% above its low estimate. Pascale Marthine Tayou, Untitled (Italian Masks) (2010), sold for $29,000 ($2,011 low estimate). It has been traded once in the past.

• 50 works, or 33%, sold above their high estimate.
• 48 works, or 32%, sold within their low and high estimate.
• 53 works, or 35%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

49 works were backed by guarantees, including: R. H. Quaytman, Sunset, Sunrise (2009). It sold for $10,200, 49% below its $20,300 low estimate.. It has been traded twice in the past.

Works that did not sell

17 works were bought-in, including: Rosemarie Trockel, Opening (2008), estimated at $54,100 (low) to $81,200 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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