3 min read · 31 May 2024
Untitled by Monir Farmanfarmaian sold for $201,600. Image courtesy of Christie's Online
A work by Monir Farmanfarmaian was the headline sale at Christie's Online 'Modern & Contemporary Art Dubai' auction on May 31.
The star lot was: Monir Farmanfarmaian, Untitled (1974), which sold for $201,600, 150% above its $80,000 low estimate. It has been traded once in the past.
The outperformer sold for 350% above its low estimate. Ahmed Mater, Evolution of Man (2010), sold for $56,700 ($12,000 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
15 works were bought-in, including: Oscar Murillo, Movement and Rhythm Between One Place and Another #6 (2013), estimated at $60,000 (low) to $80,000 (high). It has been traded 4 times in the past.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.