3 min read · 04 Oct 2024
Untitled (Black Tube) by Robert Longo sold for $361,600. Image courtesy of Christie's Online
A work by Robert Longo was the headline sale at Christie's Online 'The Proximus Art Collection : Selected Works' auction on October 3.
The star lot was: Robert Longo, Untitled (Black Tube) (2002), which sold for $361,600, 30% above its $278,000 low estimate. It has been traded 3 times in the past.
The outperformer sold for 817% above its low estimate. Jimmie Durham, Untitled (2000), sold for $15,300 ($1,668 low estimate). It has been traded once in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
2 works were bought-in, including: Richard Misrach, Untitled (S #69-137) (2008), estimated at $44,500 (low) to $66,700 (high). It has been traded once in the past.
0 works were withdrawn
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.