Rago Art Unlimited Auction Totals $134,400

A work by Fred Stone was the headline sale at Rago 'Art Unlimited' auction on May 1.

• The sale totaled $134,400, meeting the pre-sale estimate.

Snapshot of the sale

• 160 works sold totaling $134,400.
• Estimates totaled: $128,400 (low) and $193,600 (high), excluding premiums.
• The sell-through rate was 92% of the original 173 lots announced.

The star lot was: Fred Stone, Trap (1971), which sold for $6,144, 309% above its $1,500 low estimate.

The outperformer sold for 565% above its low estimate. Robert Wilson, Pelleas Prologue (1997), sold for $4,655 ($700 low estimate). It has not been traded before.

• 38 works, or 24%, sold above their high estimate.
• 31 works, or 19%, sold within their low and high estimate.
• 91 works, or 57%, 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: Florian Meisenberg, The Voice Inside (2011), estimated at $2,000 (low) to $3,000 (high). It has not been traded before.

Withdrawn before the sale

1 work was withdrawn before the sale: Adam Collier Noel, Landlocked; Sailor's Requiem; Untitled (3 works) (2013), estimated at $800 (low) to $1,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.