3 min read · 06 Nov 2024
Autumn by Fern Isabel Coppedge sold for $63,000. Image courtesy of Rago Arts & Auction Center
A work by Fern Isabel Coppedge was the headline sale at Rago Arts & Auction Center 'American & European Art' auction on November 14 in Lambertville.
The star lot was: Fern Isabel Coppedge, Autumn (Undated), which sold for $63,000, 215% above its $20,000 low estimate. It has not been traded before.
The outperformer sold for 446% above its low estimate. Paul Emile Pissarro, La Baignade (1949), sold for $16,400 ($3,000 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
26 works were bought-in, including: Marsden Hartley, Bird of Paradise #3 (Undated), estimated at $100,000 (low) to $150,000 (high). It has not been traded before.
4 works were withdrawn before the sale, including: Giorgio Morandi, Natura morta (1949) estimated at $20,000 (low) to $30,000 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.