Rago 20|21 Art Auction Totals $862,800

A work by Louise Nevelson was the headline sale at Rago '20|21 Art' auction on March 25.

• The sale totaled $862,800, meeting the pre-sale estimate.

Snapshot of the sale

• 204 works sold totaling $862,800.
• Estimates totaled: $579,400 (low) and $879,400 (high), excluding premiums.
• The sell-through rate was 91% of the original 225 lots announced.

The star lot was: Louise Nevelson, Untitled (Undated), which sold for $89,600, 1180% above its $7,000 low estimate.

The outperformer sold for 1180% above its low estimate. Louise Nevelson, Untitled (Undated), sold for $89,600 ($7,000 low estimate).

• 84 works, or 41%, sold above their high estimate.
• 55 works, or 27%, sold within their low and high estimate.
• 65 works, or 32%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

19 works were bought-in, including: Bruce Conner, Untitled (1957), estimated at $30,000 (low) to $50,000 (high). It has not been traded before.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Arman, Untitled (2003), estimated at $4,000 (low) to $6,000 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.