3 min read · 21 Mar 2024
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 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
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.