Joseph Limarzi Leads Bonhams Skinner $210,900 'American Art Online' Auction
3 min read · 12 Sep 2024
Employment Agency by JOSEPH LIMARZI sold for $21,800. Image courtesy of Bonhams Skinner
A work by JOSEPH LIMARZI was the headline sale at Bonhams Skinner 'American Art Online' auction on September 11.
- The sale totaled $210,900, exceeding the pre-sale high estimate.
Snapshot of the sale
- 93 works sold totaling $210,900.
- Estimates totaled: $127,800 (low) and $210,900 (high), excluding premiums.
- The sell-through rate was 82% of the original 113 lots announced.
The star lot was: JOSEPH LIMARZI, Employment Agency (1938), which sold for $21,800, 1350% above its $1,500 low estimate.
The outperformer sold for 1606% above its low estimate. Constance Whitney Warren, Josephine (1922), sold for $5,120 ($300 low estimate).
Breakdown of results against auction house estimates that are disclosed
- 36 works, or 39%, sold above their high estimate.
- 46 works, or 49%, sold within their low and high estimate.
- 11 works, or 12%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
19 works were bought-in, including: Charles Green Shaw, Winterset (1959), estimated at $3,000 (low) to $5,000 (high). It has been traded once in the past.
Withdrawn before the sale
1 work was withdrawn before the sale: Andree Ruellan, Near Dalcour (Undated) estimated at $1,500 (low) to $2,500 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.