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MADSAKI Leads Christie's Online $893,000 'No Regrets: 20th/21st Century Art Online Sale'

3 min read  ·  21 Mar 2024

Melting Pot by MADSAKI sold for $80,500.
Image courtesy of Christie's Online

Melting Pot by MADSAKI sold for $80,500. Image courtesy of Christie's Online

A work by MADSAKI was the headline sale at Christie's 'No Regrets: 20th/21st Century Art Online Sale' on March 20.

  • The sale totaled $893,000, falling short of its pre-sale low estimate.

Snapshot of the sale

  • 153 works sold totaling $893,000.
  • Estimates totaled: $954,500 (low) and $1.66m (high), excluding premiums.
  • The sell-through rate was 100%, so a white-glove sale.

The star lot was: MADSAKI, Melting Pot (2017), which sold for $80,500, 47% below its $153,500 low estimate. It has been traded 3 times in the past.

The outperformer sold for 2900% above its low estimate. Marc Chagall, Daphnis et Chloé (1961), sold for $7,731 ($256 low estimate). It has not been traded before.

Breakdown of results against auction house estimates that are disclosed

Breakdown of results against auction house estimates that are disclosed

  • 33 works, or 22%, sold above their high estimate.
  • 29 works, or 19%, sold within their low and high estimate.
  • 91 works, or 59%, sold below their low estimate.
  • 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.