3 min read · 17 Oct 2024
Shamrock V well ahead of Candida off Cowes by J Steven Dews sold for $198,500. Image courtesy of Bonhams
A work by J Steven Dews was the headline sale at Bonhams 'The Marine Sale' on October 16 in London.
The star lot was: J Steven Dews, Shamrock V well ahead of Candida off Cowes (Undated), which sold for $198,500, 397% above its $39,900 low estimate. It has been traded once in the past.
The outperformer sold for 587% above its low estimate. Claude Muncaster, From the Foretop (1931), sold for $3,658 ($532 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
19 works were bought-in, including: Montague Dawson, A China trader on the open sea (Undated), estimated at $33,300 (low) to $46,600 (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0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.