Liu Guosong Leads Bonhams $80,400 'CLICK Modern & Contemporary Art Online' Auction

A work by Liu Guosong was the headline sale at Bonhams 'CLICK Modern & Contemporary Art Online' auction on September 12.

• The sale totaled $80,400 (HKD627,300), falling short of its pre-sale low estimate.

Snapshot of the sale

• 25 works sold totaling $80,400.
• Estimates totaled: $121,100 (low) and $203,900 (high), excluding premiums.
• The sell-through rate was 44% of the original 57 lots announced.

The star lot was: Liu Guosong, Summer (2005), which sold for $16,400, 27% above its $12,800 low estimate. It has not been traded before.

The outperformer sold for 283% above its low estimate. Fan Yang Tsung, Diagonal Pool (2016), sold for $12,300 ($3,208 low estimate). It has been traded once in the past.

• 5 works, or 20%, sold above their high estimate.
• 12 works, or 48%, sold within their low and high estimate.
• 8 works, or 32%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

27 works were bought-in, including: Hsiao Chin, Composition Chi–272 (1981), estimated at $5,133 (low) to $7,699 (high). It has been traded once in the past.

Withdrawn before the sale

5 works were withdrawn before the sale, including: Banksy, Banksy Di-Faced Tenner (Banksy 10-pound bank note) (2004) estimated at $1,925 (low) to $3,208 (high).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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.