3 min read · 26 Jun 2024
Femme dans un paysage, Cagnes by Pierre-Auguste Renoir sold for $730,100. Image courtesy of Sotheby's
A work by Pierre-Auguste Renoir was the headline sale at Sotheby's 'Modern Day Auction' on June 26 in London.
The star lot was: Pierre-Auguste Renoir, Femme dans un paysage, Cagnes (1905), which sold for $730,100, 64% above its $443,000 low estimate. It has been traded 9 times in the past.
The outperformer sold for 600% above its low estimate. Pierre-Auguste Renoir, Paysage - Fragment (1913), sold for $425,900 ($57,000 low estimate). It has been traded 3 times in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
35 works were bought-in, including: Diego Giacometti, Table-feuilles, modèle bas aux grenouilles (1980), estimated at $316,400 (low) to $443,000 (high). It has been traded once in the past.
5 works were withdrawn before the sale, including: Odilon Redon, Chrysamthème, poinsettia et autres fleurs (1902) estimated at $316,400 (low) to $443,000 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.