Rago 20|21 Art Auction Totals $564,900

A work by Jean-pierre Pincemin was the headline sale at Rago Arts & Auction Center '20|21 Art' auction on June 9 in Lambertville.

• The sale totaled $564,900, meeting the pre-sale estimate.

Snapshot of the sale

• 168 works sold totaling $564,900.
• Estimates totaled: $419,700 (low) and $638,900 (high), excluding premiums.
• The sell-through rate was 90% of the original 187 lots announced.

The star lot was: Jean-pierre Pincemin, Untitled (Dyptique) (1977), which sold for $24,300, 2332% above its $1,000 low estimate.

The outperformer sold for 2332% above its low estimate. Jean-pierre Pincemin, Untitled (Dyptique) (1977), sold for $24,300 ($1,000 low estimate).

• 55 works, or 33%, sold above their high estimate.
• 48 works, or 29%, sold within their low and high estimate.
• 65 works, or 39%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

18 works were bought-in, including: Saint Clair Cemin, Deleuze (2014), estimated at $6,000 (low) to $8,000 (high). It has not been traded before.

Withdrawn before the sale

1 work was withdrawn before the sale: Willa Wasserman, Clay at Moore St. (2022), estimated at $3,000 (low) to $5,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.