Jozef Chelmonski Leads Sotheby's $4.02m 'European & British Paintings Day Auction' in London
3 min read · 05 Jul 2024
A Kulig by Jozef Chelmonski sold for $688,500. Image courtesy of Sotheby's
A work by Jozef Chelmonski was the headline sale at Sotheby's 'European & British Paintings Day Auction' on July 4 in London.
- The sale totaled $4.02m, meeting the pre-sale estimate.
Snapshot of the sale
- 43 works sold totaling $4.02m.
- Estimates totaled: $3.82m (low) and $5.59m (high), excluding premiums.
- The sell-through rate was 57% of the original 75 lots announced.
The star lot was: Jozef Chelmonski, A Kulig (1884), which sold for $688,500, 80% above its $382,100 low estimate. It has been traded 3 times in the past.
The outperformer sold for 400% above its low estimate. Jean Francois Millet, The Wanderers (Undated), sold for $198,900 ($38,200 low estimate). It has been traded 5 times in the past.
Breakdown of results against auction house estimates that are disclosed
- 18 works, or 42%, sold above their high estimate.
- 19 works, or 44%, sold within their low and high estimate.
- 6 works, or 14%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
31 works were bought-in, including: Josef Anton Koch, Landscape with Apollo among the shepherds (Undated), estimated at $253,800 (low) to $317,200 (high). It has not been traded before.
Withdrawn before the sale
1 work was withdrawn before the sale: Vittorio Reggianini, The recital (Undated) estimated at $25,500 (low) to $38,200 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
