3 min read · 09 Oct 2024
The Virgin Adoring the Christ Child with Two Saints by Cuzco School Artist sold for $239,400. Image courtesy of Christie's Online
Works by Cuzco School Artist and Leonora Carrington were the headline sales at Christie's Online 'Latin American Art Online' auction on October 8.
The star lot was: Cuzco School Artist, The Virgin Adoring the Christ Child with Two Saints (Undated), which sold for $239,400, 1496% above its $15,000 low estimate. It has been traded 3 times in the past.
The outperformer sold for 1496% above its low estimate. Cuzco School Artist, The Virgin Adoring the Christ Child with Two Saints (Undated), sold for $239,400 ($15,000 low estimate). It has been traded 3 times in the past.
Leonora Carrington, Untitled (1931), sold for $35,300, 700% its low estimate. The watercolor and graphite on paper has been traded twice in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
29 works were bought-in, including: Roberto Fabelo, Pegasus (2009), estimated at $40,000 (low) to $60,000 (high). It has not been traded before.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.