Rosebery's Modern British & 20th Century Art I Auction Totals $329,100

A work by Zoran Music was the headline sale at Rosebery's 'Modern British & 20th Century Art: Part I' auction on March 25 in London.

• The sale totaled $329,100 (GBP245,500), falling short of its pre-sale low estimate.

Snapshot of the sale

• 217 works sold totaling $329,100.
• Estimates totaled: $393,100 (low) and $578,200 (high), excluding premiums.
• The sell-through rate was 71% of the original 305 lots announced.

The star lot was: Zoran Music, Assis Gris (or 'Uomo Grigio') (1998), which sold for $29,500, 11% below its $33,500 low estimate. It has been traded once in the past.

The outperformer sold for 900% above its low estimate. Patricia Prentice, Portrait of a woman (Undated), sold for $4,022 ($402 low estimate). It has not been traded before.

• 60 works, or 28%, sold above their high estimate.
• 81 works, or 37%, sold within their low and high estimate.
• 76 works, or 35%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

86 works were bought-in, including: Willy Eisenschitz, Île du Levant (1967), estimated at $10,700 (low) to $16,100 (high). It has been traded once in the past.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Nicholas Hely Hutchinson, Billy at the bar, Motcombs (1987), estimated at $804 (low) to $1,072 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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