Henri Michaux Leads Christie's Online $179,500 'Henri Michaux dans la Collection Renault' Auction

A work by Henri Michaux was the headline sale at Christie's Online 'Henri Michaux dans la Collection Renault' auction on June 7.

• The sale totaled $179,500, meeting the pre-sale estimate.

Snapshot of the sale

• 30 works sold totaling $179,500.
• Estimates totaled: $141,400 (low) and $206,200 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Henri Michaux, Sans titre (1981), which sold for $11,000, 100% above its $5,398 low estimate. It has not been traded before.

The outperformer sold for 175% above its low estimate. Henri Michaux, Sans titre (1983), sold for $8,920 ($3,239 low estimate). It has not been traded before.

• 10 works, or 33%, sold above their high estimate.
• 8 works, or 27%, sold within their low and high estimate.
• 12 works, or 40%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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