Giacomo Ceruti Leads Christie's $1.72m 'Old Master and European Paintings from a Private Collection - Selling Without Reserve' Auction in New York
3 min read · 24 May 2024
A shepherdess with a cow and a sheep in a rocky landscape by Giacomo Ceruti sold for $176,400. Image courtesy of Christie's
A work by Giacomo Ceruti was the headline sale at Christie's 'Old Master and European Paintings from a Private Collection - Selling Without Reserve' auction on May 23 in New York.
- The sale totaled $1.72m, meeting the pre-sale estimate.
Snapshot of the sale
- 53 works sold totaling $1.72m.
- Estimates totaled: $1.19m (low) and $1.77m (high), excluding premiums.
- The sell-through rate was 100%, so a white-glove sale.
The star lot was: Giacomo Ceruti, A shepherdess with a cow and a sheep in a rocky landscape (Undated), which sold for $176,400, 100% above its $80,000 low estimate. It has been traded once in the past.
The outperformer sold for 400% above its low estimate. Charles Francois Daubigny, Barques et canards au bord de la rivière (1873), sold for $63,000 ($12,000 low estimate). It has been traded 3 times in the past.
Breakdown of results against auction house estimates that are disclosed
- 25 works, or 47%, sold above their high estimate.
- 9 works, or 17%, sold within their low and high estimate.
- 19 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
0 works were bought-in.
Withdrawn before the sale
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.