3 min read · 18 Oct 2024
Rose méditative by Salvador Dali sold for $4.23m. Image courtesy of Sotheby's
A work by Salvador Dali was the headline sale at Sotheby's 'Surrealism and its Legacy' auction on October 18 in Paris.
The star lot was: Salvador Dali, Rose méditative (1958), which sold for $4.23m, 450% above its $768,700 low estimate. It has been traded 4 times in the past.
The outperformer sold for 493% above its low estimate. Frantisek Muzika, Larva VIII (1967), sold for $260,500 ($43,900 low estimate). It has been traded twice in the past.
Breakdown of results against auction house estimates that are disclosed
8 works were backed by guarantees, including: Rene Magritte, La Leçon de choses (1947). It sold for $4.17m, 8% above its $3.84m low estimate.. It has been traded 8 times in the past.
0 works were bought-in.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.