Gregor Danelian Leads Bonhams $481,300 'British and European Art' Auction

A work by Gregor Danelian was the headline sale at Bonhams 'British and European Art' auction on July 10.

• The sale totaled $481,300, falling short of its pre-sale low estimate.

Snapshot of the sale

• 117 works sold totaling $481,300.
• Estimates totaled: $504,600 (low) and $745,500 (high), excluding premiums.
• The sell-through rate was 55% of the original 213 lots announced.

The star lot was: Gregor Danelian, Enigmatic assembly (Undated), which sold for $24,600, 92% above its $12,700 low estimate. It has been traded once in the past.

The outperformer sold for 1300% above its low estimate. William John Leech, La toilette (Undated), sold for $18,000 ($1,275 low estimate).

• 52 works, or 44%, sold above their high estimate.
• 64 works, or 55%, sold within their low and high estimate.
• 1 works, or 1%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

92 works were bought-in, including: Gregor Danelian, Veil of serenity (Undated), estimated at $19,100 (low) to $22,900 (high). It has been traded once in the past.

Withdrawn before the sale

4 works were withdrawn before the sale, including: William Dring, A day at the cricket (Undated) estimated at $5,100 (low) to $7,650 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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