3 min read · 27 Sep 2024
Honesty by Damien Hirst sold for $27,400. Image courtesy of Bonhams
A work by Damien Hirst was the headline sale at Bonhams 'Prints & Multiples' auction on September 26.
The star lot was: Damien Hirst, Honesty (2021), which sold for $27,400, 108% above its $13,200 low estimate.
The outperformer sold for 457% above its low estimate. Giovanni Battista Piranesi & Luigi Rossini, Three plates, from Views of Rome / View of the Excavation of Trajan's Forum (1761), sold for $5,144 ($923 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
65 works were bought-in, including: Banksy, Grannies (2006), estimated at $13,200 (low) to $19,800 (high).
1 work was withdrawn before the sale: Invader, Camo Space Tile (Invader Space Station) (2024) estimated at $791 (low) to $1,055 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.