Renoir Leads Bonhams $3.41m 'Impressionist & Modern Art' Auction

Download the HENI News app

Renoir Leads Bonhams $3.41m 'Impressionist & Modern Art' Auction

3 min read  ·  12 Oct 2024

Baigneuse by Pierre-Auguste Renoir sold for $696,700.
Image courtesy of Bonhams

Baigneuse by Pierre-Auguste Renoir sold for $696,700. Image courtesy of Bonhams

A work by Pierre-Auguste Renoir was the headline sale at Bonhams 'Impressionist & Modern Art' auction on October 11.

  • The sale totaled $3.41m (GBP2.62m), meeting the pre-sale estimate.

Snapshot of the sale

  • 46 works sold totaling $3.41m.
  • Estimates totaled: $2.9m (low) and $4.16m (high), excluding premiums.
  • The sell-through rate was 77% of the original 60 lots announced.

The star lot was: Pierre-Auguste Renoir, Baigneuse (1916), which sold for $696,700, 109% above its $332,100 low estimate. It has been traded 6 times in the past.

The outperformer sold for 401% above its low estimate. Albert Dubois-Pillet, Queen daisies in a pot on a windowsill (1885), sold for $133,100 ($26,600 low estimate). It has been traded 3 times in the past.

Breakdown of results against auction house estimates that are disclosed

Breakdown of results against auction house estimates that are disclosed

  • 25 works, or 54%, sold above their high estimate.
  • 21 works, or 46%, sold within their low and high estimate.
  • 0 works, or 0%, sold below their low estimate.
  • 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

13 works were bought-in, including: Tsuguharu Foujita, Nu assis (1929), estimated at $664,200 (low) to $929,900 (high). It has been traded 3 times in the past.

Withdrawn before the sale

1 work was withdrawn before the sale: Jean Pougny, Suprématisme (1916) estimated at $5,314 (low) to $7,970 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.