Joseph Limarzi Leads Bonhams Skinner $210,900 'American Art Online' Auction

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).

• 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Withdrawn before the sale

1 work was withdrawn before the sale: Andree Ruellan, Near Dalcour (Undated) estimated at $1,500 (low) to $2,500 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.