Eastman Johnson Leads Bonhams $834,900 'American Art Online' Auction
3 min read · 09 Aug 2024
Child and Lamb by Eastman Johnson sold for $108,500. Image courtesy of Bonhams
A work by Eastman Johnson was the headline sale at Bonhams 'American Art Online' auction on August 8.
- The sale totaled $834,900, exceeding the pre-sale high estimate.
Snapshot of the sale
- 132 works sold totaling $834,900.
- Estimates totaled: $465,800 (low) and $705,900 (high), excluding premiums.
- The sell-through rate was 80% of the original 164 lots announced.
The star lot was: Eastman Johnson, Child and Lamb (1875), which sold for $108,500, 3515% above its $3,000 low estimate. It has been traded 4 times in the past.
The outperformer sold for 3515% above its low estimate. Eastman Johnson, Child and Lamb (1875), sold for $108,500 ($3,000 low estimate). It has been traded 4 times in the past.
Breakdown of results against auction house estimates that are disclosed
- 56 works, or 42%, sold above their high estimate.
- 46 works, or 35%, sold within their low and high estimate.
- 30 works, or 23%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
31 works were bought-in, including: Constantin Westchiloff, Surf on Cliffs (Undated), estimated at $6,000 (low) to $8,000 (high).
Withdrawn before the sale
1 work was withdrawn before the sale: Jules Olitski, Abstract (Undated) estimated at $1,500 (low) to $2,500 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.