3 min read · 07 Aug 2024
Roses by Franz A Bischoff sold for $445,000. Image courtesy of Bonhams
A work by Franz A Bischoff was the headline sale at Bonhams 'California & Western Art' auction on August 6 in Los Angeles.
The star lot was: Franz A Bischoff, Roses (Undated), which sold for $445,000, 48% above its $300,000 low estimate.
The outperformer sold for 463% above its low estimate. Chiura Obata, Evening Glow - Bay Bridge (1945), sold for $28,200 ($5,000 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
32 works were bought-in, including: Franz A Bischoff, Palm Springs Canyon, Calif (Undated), estimated at $60,000 (low) to $80,000 (high).
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.