Rago Art Unlimited Auction Totals $65,100

A work by Philipp Kremer was the headline sale at Rago 'Art Unlimited' auction on October 15.

• The sale totaled $65,100, falling short of its pre-sale low estimate.

Snapshot of the sale

• 92 works sold totaling $65,100.
• Estimates totaled: $81,900 (low) and $122,100 (high), excluding premiums.
• The sell-through rate was 89% of the original 103 lots announced.

The star lot was: Philipp Kremer, Gathering (XV) (2018), which sold for $5,120, 412% above its $1,000 low estimate. It has not been traded before.

The outperformer sold for 412% above its low estimate. Philipp Kremer, Gathering (XV) (2018), sold for $5,120 ($1,000 low estimate). It has not been traded before.

• 15 works, or 16%, sold above their high estimate.
• 10 works, or 11%, sold within their low and high estimate.
• 67 works, or 73%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

11 works were bought-in, including: Michiel Ceulers, THEKE IST JETZTZ FRAU (2015), estimated at $2,000 (low) to $3,000 (high). It has not been traded before.

Withdrawn before the sale

0 works were withdrawn

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.