Sotheby's Wingate Collection Day Auction Totals $6.54m

A work by Donald Judd, which had a guarantee, was the headline sale at Sotheby's 'A New Vista: The David and Shoshanna Wingate Collection Day Auction' on May 20 in New York.

• The sale totaled $6.54m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 24 works sold totaling $6.54m.
• Estimates totaled: $4.28m (low) and $6.04m (high), excluding premiums.
• The sell-through rate was 96% of the original 25 lots announced.

The star lot was: Donald Judd, Untitled (1975), which sold for $1.22m, 102% above its $600,000 low estimate. The work was backed by a guarantee. It has been traded twice in the past.

The outperformer sold for 284% above its low estimate. Diego Giacometti, "Chat maître d'hôtel" (1961), sold for $576,000 ($150,000 low estimate). The work was backed by a guarantee. It has been traded once in the past.

• 14 works, or 58%, sold above their high estimate.
• 4 works, or 17%, sold within their low and high estimate.
• 6 works, or 25%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

25 works were backed by guarantees, including: Roy Lichtenstein, Entablature (1974). It sold for $1.02m, 70% above its $600,000 low estimate.. It has been traded twice in the past.

Works that did not sell

1 work was bought-in: Claes Oldenburg, Two Diamond Rings (1961), estimated at $300,000 (low) to $400,000 (high). It has been traded once in the past.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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