Larva Labs Leads Christie's Online $437,800 'Beyond The Screen' Auction
3 min read · 12 Jun 2024
CryptoPunk #1423, NFTiff #130, and Tiffany & Co. Pendant by Larva Labs sold for $176,400. Image courtesy of Christie's Online
A work by Larva Labs was the headline sale at Christie's Online 'Beyond The Screen' auction on June 11.
- The sale totaled $437,800, falling short of its pre-sale low estimate.
Snapshot of the sale
- 14 works sold totaling $437,800.
- Estimates totaled: $572,000 (low) and $822,000 (high), excluding premiums.
- The sell-through rate was 70% of the original 20 lots announced.
The star lot was: Larva Labs, CryptoPunk #1423, NFTiff #130, and Tiffany & Co. Pendant (2017), which sold for $176,400, 76% above its $100,000 low estimate. It has been traded 8 times in the past.
The outperformer sold for 1400% above its low estimate. Diewiththemostlikes, moderate decay (2024), sold for $30,200 ($2,000 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
- 5 works, or 36%, sold above their high estimate.
- 7 works, or 50%, sold within their low and high estimate.
- 2 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
6 works were bought-in, including: Ix Shells, Remote Shell (2021), estimated at $80,000 (low) to $100,000 (high). It has been traded once in the past.
Withdrawn before the sale
0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.