3 min read · 16 Mar 2024
Busto de hombre entre estructura con relieve by Joaquin Torres-Garcia sold for $75,600. Image courtesy of Christie's Online
A work by Joaquin Torres-Garcia was the headline sale at Christie's Online 'Latin American Art Online' auction on March 15.
The star lot was: Joaquin Torres-Garcia, Busto de hombre entre estructura con relieve (1940), which sold for $75,600, 51% above its $50,000 low estimate. It has been traded 7 times in the past.
The outperformer sold for 250% above its low estimate. Emilio Sanchez, Vista de velas (1979), sold for $44,100 ($12,000 low estimate). It has been traded twice in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.