Rago Arts & Auction Center ALT // Contemporary Auction Totals $307,700

A work by Kaws was the headline sale at Rago Arts & Auction Center 'ALT // Contemporary' auction on July 22 in Lambertville.

• The sale totaled $307,700, falling short of its pre-sale low estimate.

Snapshot of the sale

• 48 works sold totaling $307,700.
• Estimates totaled: $314,900 (low) and $473,800 (high), excluding premiums.
• The sell-through rate was 81% of the original 59 lots announced.

The star lot was: Kaws, UNTITLED (2000), which sold for $57,600, 43% above its $40,000 low estimate.

The outperformer sold for 646% above its low estimate. Ryan McGinness, Black Hole Tondo (2008), sold for $44,800 ($6,000 low estimate).

• 15 works, or 31%, sold above their high estimate.
• 17 works, or 35%, sold within their low and high estimate.
• 16 works, or 33%, 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: Kaws, UNTITLED (SPORTS ILLUSTRATED) (1997), estimated at $40,000 (low) to $60,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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