3 min read · 18 Apr 2024
Middle East Mural by Shepard Fairey sold for $131,200. Image courtesy of Artcurial
A work by Shepard Fairey was the headline sale at Artcurial 'Urban Project' auction on April 17 in Paris.
The star lot was: Shepard Fairey, *Middle East Mural * (2009), which sold for $131,200, 21% above its $107,700 low estimate. It has been traded once in the past.
The outperformer sold for 1100% above its low estimate. Dran, *Untitled * (Undated), sold for $3,908 ($323 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
104 works were bought-in, including: Invader, Rubik Killers (2009), estimated at $161,600 (low) to $269,300 (high). It has been traded once in the past.
1 work was withdrawn before the sale: Invader, Invasion Kit #10 (Paris) - Signed (2009) estimated at $6,462 (low) to $8,616 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.