Newell Convers Wyeth Leads Bonhams Skinner $767,500 'American Art' Auction in Online
3 min read · 11 Mar 2024
'And Looked Out Beyond the Tumbled Shore Ice to the Steel-Gray Angry Waters' by Newell Convers Wyeth sold for $70,300. Image courtesy of Bonhams Skinner
A work by Newell Convers Wyeth was the headline sale at Bonhams Skinner 'American Art' auction on March 6 in Online.
- The sale totaled $767,500, exceeding the pre-sale high estimate.
Snapshot of the sale
- 139 works sold totaling $767,500.
- Estimates totaled: $492,200 (low) and $737,600 (high), excluding premiums.
- The sell-through rate was 87% of the original 160 lots announced.
The star lot was: Newell Convers Wyeth, 'And Looked Out Beyond the Tumbled Shore Ice to the Steel-Gray Angry Waters' (2008), which sold for $70,300, 40% above its $50,000 low estimate. It has been traded twice in the past.
The outperformer sold for 1200% above its low estimate. Virginia Morris Pollak, Striding Nude (Undated), sold for $5,376 ($400 low estimate).
Breakdown of results against auction house estimates that are disclosed
- 66 works, or 47%, sold above their high estimate.
- 40 works, or 29%, sold within their low and high estimate.
- 33 works, or 24%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
20 works were bought-in, including: Edith Baretto Parsons, Frog Baby, A Fountain (Undated), estimated at $25,000 (low) to $35,000 (high). It has not been traded before.
Withdrawn before the sale
1 work was withdrawn before the sale: William Edward Norton, Boating by Moonlight (Undated) estimated at $1,000 (low) to $1,500 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.