Grisebach Online Only Modern & Contemporary Art Auction Totals $639,300

A work by Peter Roehr was the headline sale at Grisebach 'Online Only Modern & Contemporary Art' auction on July 31-August 16 in Berlin.

• The sale totaled $639,300 (EUR552,500), meeting the pre-sale estimate.

Snapshot of the sale

• 136 works sold totaling $639,300.
• Estimates totaled: $571,300 (low) and $785,500 (high), excluding premiums.
• The sell-through rate was 74% of the original 185 lots announced.

The star lot was: Peter Roehr, Untitled (FO-106) (1965), which sold for $22,400, 177% above its $8,082 low estimate. It has not been traded before.

The outperformer sold for 740% above its low estimate. Thomas Lehnerer, Untitled (Undated), sold for $19,400 ($2,309 low estimate).

• 86 works, or 63%, sold above their high estimate.
• 48 works, or 35%, sold within their low and high estimate.
• 2 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

46 works were bought-in, including: Gnter Fruhtrunk, Untitled (1974), estimated at $13,900 (low) to $17,300 (high). It has not been traded before.

Withdrawn before the sale

3 works were withdrawn before the sale, including: Poul Gernes, Untitled (1975), estimated at $5,773 (low) to $8,082 (high).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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.