Oleg Tselkov Leads Bonhams Cornette de Saint Cyr $599,600 'The Second Avant-Garde Soviet Non-Conformist Art from Important collections' Auction
3 min read · 24 Sep 2024
Pipe, beer and crayfish by Oleg Tselkov sold for $155,900. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Oleg Tselkov was the headline sale at Bonhams Cornette de Saint Cyr 'The Second Avant-Garde Soviet Non-Conformist Art from Important collections.' auction on September 19.
- The sale totaled $599,600 (EUR538,700), falling short of its pre-sale low estimate.
Snapshot of the sale
- 40 works sold totaling $599,600.
- Estimates totaled: $934,000 (low) and $1.25m (high), excluding premiums.
- The sell-through rate was 40% of the original 99 lots announced.
The star lot was: Oleg Tselkov, Pipe, beer and crayfish (Undated), which sold for $155,900, 134% above its $66,600 low estimate. It has not been traded before.
The outperformer sold for 253% above its low estimate. Ernst Neizvestny, Two heads (Undated), sold for $7,835 ($2,219 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
- 16 works, or 40%, sold above their high estimate.
- 19 works, or 48%, sold within their low and high estimate.
- 5 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
59 works were bought-in, including: Oleg Tselkov, Portrait of Tatiana Topilina (1973), estimated at $77,600 (low) to $99,800 (high). It has not been traded before.
Withdrawn before the sale
0 works were withdrawn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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.