3 min read · 23 Feb 2024
Calla Lily by Robert Mapplethorpe sold for $157,500. Image courtesy of Christie's
A work by Robert Mapplethorpe was the headline sale at Christie's 'The Collection of Sir Elton John: The Day Sale' on February 22 in New York.
The star lot was: Robert Mapplethorpe, Calla Lily (1988), which sold for $157,500, 150% above its $60,000 low estimate. It has been traded once in the past.
The outperformer sold for 500% above its low estimate. Andre Kertesz, *Chair and Horn, Paris * (1935), sold for $18,900 ($3,000 low estimate). It has been traded once in the past.
A talking point was: Yves Klein, Leaping in the Void (Le Saut Dans le Vide) (1960), photographed by Harry Shunk and János Kender, which sold for $25,200, 300% above the low estimate.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
130 works were bought-in, including: Robert Frank, Charleston, South Carolina, 1955 (1980), estimated at $150,000 (low) to $250,000 (high). It has been traded once in the past.
1 work was withdrawn before the sale: Lewis W Hine *Workers, Empire State Building * (1930) estimated at $10,000 (low) to $15,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.