3 min read · 19 Apr 2024
Screenprint N°16 by Pierre Soulages sold for $10,200. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Pierre Soulages was the headline sale at Bonhams 'Prints & Multiples Online' auction on April 16.
The star lot was: Pierre Soulages, Screenprint N°16 (1981), which sold for $10,200, 57% above its $6,501 low estimate.
The outperformer sold for 1600% above its low estimate. Lucio Fontana, Spatial Concept (1961), sold for $9,526 ($542 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
72 works were bought-in, including: Sam Francis, Untitled (SF-343 and SF-344) (1990), estimated at $3,250 (low) to $5,417 (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0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.