Manolo Valdes Leads Christie's Online $3.92m 'Art Contemporain Vente Online' Auction

A work by Manolo Valdes was the headline sale at Christie's Online 'Art Contemporain Vente Online' auction on April 30.

• The sale totaled $3.92m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 128 works sold totaling $3.92m.
• Estimates totaled: $2.09m (low) and $3.09m (high), excluding premiums.
• The sell-through rate was 97% of the original 132 lots announced.

The star lot was: Manolo Valdes, Lydia II (1999), which sold for $296,700, 275% above its $74,300 low estimate. It has been traded once in the past.

The outperformer sold for 2300% above its low estimate. Marcos Coelho Benjamim, Sans titre (2009), sold for $25,600 ($1,061 low estimate). It has been traded once in the past.

• 79 works, or 62%, sold above their high estimate.
• 34 works, or 27%, sold within their low and high estimate.
• 15 works, or 12%, 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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