3 min read · 10 Jul 2024
Gala dinners by Salvador Dali sold for $9,004. Image courtesy of Bonhams Cornette de Saint Cyr
A work by Salvador Dali was the headline sale at Bonhams Cornette de Saint Cyr 'Prints & Multiples Online' auction on July 8.
The star lot was: Salvador Dali, Gala dinners (1971), which sold for $9,004, 66% above its $5,396 low estimate.
The outperformer sold for 800% above its low estimate. Salvador Dali, Peace Mountain. From the sequel "Poems of Mao Tse Tong" (1967), sold for $3,048 ($324 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
46 works were bought-in, including: Jeff Koons, Balloon dog (Blue) (2021), estimated at $21,600 (low) to $32,400 (high). It has not been traded before.
0 works were withdrawn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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.