3 min read · 06 Jun 2024
Le Ruisseau de Puits Noir by Gustave Courbet sold for $104,700. Image courtesy of Christie's
A work by Gustave Courbet was the headline sale at Christie's 'British and European Art' auction on June 4 in London.
The star lot was: Gustave Courbet, Le Ruisseau de Puits Noir (Undated), which sold for $104,700, 17% above its $89,300 low estimate. It has been traded twice in the past.
The outperformer sold for 400% above its low estimate. Joseph Edward Southall, Self-portrait, bust-length, wearing a fez (1943), sold for $11,300 ($1,914 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
24 works were bought-in, including: Alfred Munnings, H.R.H. The Princess Royal on 'Portumna', and the Earl of Harewood, Master of the Bramham Moor Hunt, on 'Tommy' (Undated), estimated at $1.02m (low) to $1.53m (high). It has not been traded before.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.