3 min read · 13 Jun 2024
The American Dream by Grayson Perry sold for $40,800. Image courtesy of Bonhams
A work by Grayson Perry was the headline sale at Bonhams 'Anything But Ordinary' auction on June 12 in London.
The star lot was: Grayson Perry, The American Dream (2020), which sold for $40,800, 28% above its $31,800 low estimate.
The outperformer sold for 400% above its low estimate. Opake One, Do you cry at night (2022), sold for $13,900 ($2,543 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
13 works were bought-in, including: After Jean-Michel Basquiat, Riddle Me This, Batman, from Superhero Portfolio (1982), estimated at $44,500 (low) to $57,200 (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0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.