Montague Dawson Leads Bonhams $508,700 'The Marine Sale' in London

A work by Montague Dawson was the headline sale at Bonhams 'The Marine Sale' on April 24 in London.

• The sale totaled $508,700, meeting the pre-sale estimate.

Snapshot of the sale

• 84 works sold totaling $508,700.
• Estimates totaled: $506,100 (low) and $768,200 (high), excluding premiums.
• The sell-through rate was 69% of the original 122 lots announced.

The star lot was: Montague Dawson, A Fine Breeze (Undated), which sold for $71,600, 88% above its $37,900 low estimate. It has been traded once in the past.

The outperformer, which sold for 700% above its low estimate, was painted by an Unknown Artist. A Shipbuilder's model of the motor vessel 'Pegasus', English, mid-20th century (Undated), sold for $10,400 ($1,263 low estimate).

• 37 works, or 44%, sold above their high estimate.
• 42 works, or 50%, sold within their low and high estimate.
• 5 works, or 6%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

38 works were bought-in, including: Montague Dawson, 'Summer Clouds' - The American Clipper Asterion running before the wind on the open ocean (Undated), estimated at $37,900 (low) to $63,200 (high). It has been traded 4 times in the past.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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