Alec Egan Leads Rago Arts & Auction Center $173,800 'Art Unlimited' Auction in Lambertville

A work by Alec Egan was the headline sale at Rago Arts & Auction Center 'Art Unlimited' auction on December 18 in Lambertville.

• The sale totaled $173,800, falling short of its pre-sale low estimate.

Snapshot of the sale

• 203 works sold totaling $173,800.
• Estimates totaled: $186,200 (low) and $280,000 (high), excluding premiums.
• The sell-through rate was 89% of the original 227 lots announced.

The star lot was: Alec Egan, Living Room (2019), which sold for $12,100, 1106% above its $1,000 low estimate.

The outperformer sold for 1106% above its low estimate. Alec Egan, Living Room (2019), sold for $12,100 ($1,000 low estimate).

• 35 works, or 17%, sold above their high estimate.
• 35 works, or 17%, sold within their low and high estimate.
• 133 works, or 66%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

24 works were bought-in, including: Gary Komarin, Architect's Dream (1986), estimated at $3,000 (low) to $5,000 (high).

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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