3 min read · 01 Aug 2024
Untitled by Paul Feeley sold for $75,600. Image courtesy of Rago Arts & Auction Center
A work by Paul Feeley was the headline sale at Rago Arts & Auction Center 'Post War & Contemporary Art' auction on July 31 in Lambertville.
The star lot was: Paul Feeley, Untitled (1956), which sold for $75,600, 152% above its $30,000 low estimate. It has not been traded before.
The outperformer sold for 404% above its low estimate. Suda Yoshihiro, Rose (2003), sold for $25,200 ($5,000 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
9 works were bought-in, including: Jim Lutes, The Spot (1989), estimated at $12,000 (low) to $18,000 (high).
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.