3 min read · 24 May 2024
Neptune by Guercino sold for $491,400. Image courtesy of Christie's
A work by Guercino was the headline sale at Christie's 'Old Masters' auction on May 23 in New York.
The star lot was: Guercino, Neptune (Undated), which sold for $491,400, 125% above its $200,000 low estimate. It has not been traded before.
The outperformer sold for 1200% above its low estimate. Studio of Jacopo Tintoretto, Portrait of Andrea Barbarigo, half-length, in a suit of armor with a naval battle beyond (1571), sold for $107,100 ($8,000 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
5 works were withdrawn before the sale, including: Anthony van Dyck, Saint Jerome in the wilderness (Undated) estimated at $300,000 (low) to $500,000 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.