3 min read · 06 Jun 2024
Le balcon - 1945 by Mai Trung Thu sold for $142,600. Image courtesy of Artcurial
A work by Mai Trung Thu was the headline sale at Artcurial 'Impressionniste & Moderne' auction on June 5 in Paris.
The star lot was: Mai Trung Thu, Le balcon - 1945 (1945), which sold for $142,600, 31% above its $108,800 low estimate. It has been traded once in the past.
The outperformer sold for 600% above its low estimate. Jean Fautrier, Composition - 1928 (1928), sold for $9,980 ($1,303 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
59 works were bought-in, including: Andre Masson, Le royaume de la peur - 1962 (1962), estimated at $27,200 (low) to $38,000 (high). It has not been traded before.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.