Phillips The Collection of Ambassador John L. Loeb, Jr.: Online Auction Totals $952,300

A work by Ludvig August Smith was the headline sale at Phillips 'The Collection of Ambassador John L. Loeb, Jr.: Online Auction' on May 26-June 2 in New York.

• The sale totaled $952,300, exceeding the pre-sale high estimate.

Snapshot of the sale

• 78 works sold totaling $952,300.
• Estimates totaled: $506,200 (low) and $771,300 (high), excluding premiums.
• The sell-through rate was 87% of the original 90 lots announced.

The star lot was: Ludvig August Smith, Female Model Before a Mirror (Kvindelig model foran et spejl) (1841), which sold for $83,800, 948% above its $8,000 low estimate. It has been traded once in the past.

The outperformer sold for 1705% above its low estimate. Heinrich Hansen, Tycho Brahe's Uraniborg (Uranienborg) (1882), sold for $36,100 ($2,000 low estimate). It has been traded once in the past.

• 39 works, or 50%, sold above their high estimate.
• 33 works, or 42%, sold within their low and high estimate.
• 6 works, or 8%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

12 works were bought-in, including: Peder Mork Monsted, Summer's Day Opposite Hammeren, Bornholm (Sommerdag ud for Hammeren. Bornholm) (1882), estimated at $20,000 (low) to $30,000 (high). It has been traded 3 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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