Sayed Haider Raza Leads Christie's Online $1.66m 'South Asian Modern + Contemporary Art Online' Auction

A work by Sayed Haider Raza was the headline sale at Christie's Online 'South Asian Modern + Contemporary Art Online' auction on March 27.

• The sale totaled $1.66m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 128 works sold totaling $1.66m.
• Estimates totaled: $757,200 (low) and $1.12m (high), excluding premiums.
• The sell-through rate was 91% of the original 140 lots announced.

The star lot was: Sayed Haider Raza, Brasier (1967), which sold for $163,800, 400% above its $30,000 low estimate. It has been traded 3 times in the past.

The outperformer sold for 2100% above its low estimate. M.F. Husain, Mosaic of Music (Undated), sold for $8,820 ($400 low estimate). It has been traded once in the past.

• 64 works, or 50%, sold above their high estimate.
• 58 works, or 45%, sold within their low and high estimate.
• 6 works, or 5%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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