Fernando Amorsolo Leads Bonhams Skinner $1.12m 'Modern & Contemporary Art' Auction
3 min read · 22 May 2024
Maiden with Fruit by Fernando Amorsolo sold for $699,000. Image courtesy of Bonhams Skinner
A work by Fernando Amorsolo was the headline sale at Bonhams Skinner 'Modern & Contemporary Art' auction on May 21.
- The sale totaled $1.12m, exceeding the pre-sale high estimate.
Snapshot of the sale
- 92 works sold totaling $1.12m.
- Estimates totaled: $479,300 (low) and $719,600 (high), excluding premiums.
- The sell-through rate was 87% of the original 106 lots announced.
The star lot was: Fernando Amorsolo, Maiden with Fruit (1926), which sold for $699,000, 500% above its $100,000 low estimate. It has been traded once in the past.
The outperformer sold for 500% above its low estimate. Fernando Amorsolo, Maiden with Fruit (1926), sold for $699,000 ($100,000 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 32 works, or 35%, sold above their high estimate.
- 27 works, or 29%, sold within their low and high estimate.
- 33 works, or 36%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
14 works were bought-in, including: Elaine de Kooning, Lost Wax - Found Bronze (Undated), estimated at $18,000 (low) to $24,000 (high). It has not been traded before.
Withdrawn before the sale
0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.