3 min read · 07 Aug 2024
Untitled (Lovers) by George Keyt sold for $26,100. Image courtesy of Bonhams
A work by George Keyt was the headline sale at Bonhams 'Modern and Contemporary South Asian Art Online' auction on August 6.
The star lot was: George Keyt, Untitled (Lovers) (1981), which sold for $26,100, 103% above its $12,900 low estimate. It has been traded twice in the past.
The outperformer sold for 576% above its low estimate. Sayed Haider Raza, Untitled (Undated), sold for $5,224 ($772 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
76 works were bought-in, including: M.F. Husain, Untitled (Five Horses) (1982), estimated at $385,800 (low) to $643,000 (high). It has been traded once in the past.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.