Guy Rose Leads Bonhams $2.43m 'California & Western Art' Auction in Los Angeles
3 min read · 25 Apr 2024
Lifting Fog, La Jolla Cliffs by Guy Rose sold for $508,500. Image courtesy of Bonhams
A work by Guy Rose was the headline sale at Bonhams 'California & Western Art' auction on April 23 in Los Angeles.
- The sale totaled $2.43m, falling short of its pre-sale low estimate.
Snapshot of the sale
- 87 works sold totaling $2.43m.
- Estimates totaled: $2.92m (low) and $4.53m (high), excluding premiums.
- The sell-through rate was 64% of the original 135 lots announced.
The star lot was: Guy Rose, Lifting Fog, La Jolla Cliffs (Undated), which sold for $508,500, 27% above its $400,000 low estimate. It has not been traded before.
The outperformer sold for 325% above its low estimate. Percy Gray, Rogue River Gorge (1926), sold for $53,800 ($12,000 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 37 works, or 43%, sold above their high estimate.
- 40 works, or 46%, sold within their low and high estimate.
- 10 works, or 11%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
47 works were bought-in, including: Nicolai Fechin, Portrait of a Native American Young Man (Undated), estimated at $150,000 (low) to $300,000 (high). It has not been traded before.
Withdrawn before the sale
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.