Giacomo Ceruti Leads Christie's $1.72m 'Old Master and European Paintings from a Private Collection - Selling Without Reserve' Auction in New York

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.

• 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.