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 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
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.