3 min read · 06 Nov 2024
Kachina by Miyoko Ito sold for $560,700. Image courtesy of Rago
Kachina by Miyoko Ito sold for $560,700. Image courtesy of Rago
A work by Miyoko Ito was the headline sale at Rago 'Post War & Contemporary Art' auction on November 13.
A work by Miyoko Ito was the headline sale at Rago 'Post War & Contemporary Art' auction on November 13.
The star lot was: Miyoko Ito, Kachina (1973), which sold for $560,700, 460% above its $100,000 low estimate. It has not been traded before.
The star lot was: Miyoko Ito, Kachina (1973), which sold for $560,700, 460% above its $100,000 low estimate. It has not been traded before.
The outperformer sold for 1034% above its low estimate. Mary Callery, Song of the Desert (1945), sold for $56,700 ($5,000 low estimate). It has not been traded before.
The outperformer sold for 1034% above its low estimate. Mary Callery, Song of the Desert (1945), sold for $56,700 ($5,000 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
13 works were bought-in, including: Robert Indiana, LOVE (Blue and Red) (1966), estimated at $180,000 (low) to $240,000 (high). It has not been traded before.
2 works were withdrawn before the sale, including: Yayoi Kusama, Pumpkin 2 (1988) estimated at $15,000 (low) to $25,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
No sales had a guarantee.
13 works were bought-in, including: Robert Indiana, LOVE (Blue and Red) (1966), estimated at $180,000 (low) to $240,000 (high). It has not been traded before.
2 works were withdrawn before the sale, including: Yayoi Kusama, Pumpkin 2 (1988) estimated at $15,000 (low) to $25,000 (high).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.