3 min read · 18 Oct 2024
Two Women on the Beach by Pablo Picasso sold for $16,700. Image courtesy of Bonhams Cornette de Saint Cyr
Pablo Picasso's Two Women on the Beach was the headline sale at Bonhams Cornette de Saint Cyr 'Picassomania' auction on October 16.
The star lot was: Pablo Picasso, Two Women on the Beach (1956), which sold for $16,700, 27% above its $13,200 low estimate.
The outperformer sold for 344% above its low estimate. Pablo Picasso, Colombe Volant (à l'Arc-en-ciel) (1952), sold for $9,746 ($2,193 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
23 works were bought-in, including: Pablo Picasso, Untitled (Self-portrait) (1971), estimated at $7,674 (low) to $11,000 (high). It has been traded 3 times in the past.
3 works were withdrawn before the sale, including: Pablo Picasso, Four Women on the Run, Ovid's Metamorphoses (1931) estimated at $7,674 (low) to $11,000 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.