Jack Vettriano Leads Bonhams $102,400 'Brain Power In support of Brain Tumour Research' Auction in Edinburgh
3 min read · 13 Aug 2024
Portrait of the Artist, Study by Jack Vettriano sold for $33,200. Image courtesy of Bonhams
A work by Jack Vettriano was the headline sale at Bonhams 'Brain Power In support of Brain Tumour Research' auction on August 12 in Edinburgh.
- The sale totaled $102,400 (GBP80,200), exceeding the pre-sale high estimate.
Snapshot of the sale
- 41 works sold totaling $102,400.
- Estimates totaled: $40,000 (low) and $60,000 (high), excluding premiums.
- The sell-through rate was 100%, so a white-glove sale.
The star lot was: Jack Vettriano, Portrait of the Artist, Study (1993), which sold for $33,200, 416% above its $6,430 low estimate. It has been traded once in the past.
The outperformer sold for 496% above its low estimate. John Byrne Rsa, Self portrait (Undated), sold for $3,068 ($514 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 29 works, or 71%, sold above their high estimate.
- 8 works, or 20%, sold within their low and high estimate.
- 4 works, or 10%, 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Withdrawn before the sale
0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.