3 min read · 27 Sep 2024
Sunrise, Ischia by Fahr-El-nissa Zeid sold for $170,600. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Fahr-El-nissa Zeid was the headline sale at Bonhams Cornette de Saint Cyr 'Modern & Contemporary African and Middle Eastern Art' auction on September 26 in Paris.
The star lot was: Fahr-El-nissa Zeid, Sunrise, Ischia (1961), which sold for $170,600, 208% above its $55,200 low estimate. It has not been traded before.
The outperformer sold for 708% above its low estimate. Fikret Saygi Mualla, Untitled (1954), sold for $10,700 ($1,325 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
35 works were bought-in, including: Charles Hossein Zenderoudi, Niulakita (1981), estimated at $55,200 (low) to $77,300 (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0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.