Sotheby's La Collection Schlumberger. Le Temps retrouvé Auction Totals $83.58m

A work by Claude Monet was the headline sale at Sotheby's 'La Collection Schlumberger. Le Temps retrouvé' auction on October 22 in Paris.

• The sale totaled $83.58m (EUR74.44m), exceeding the pre-sale high estimate.

Snapshot of the sale

• 23 works sold totaling $83.58m.
• Estimates totaled: $44.42m (low) and $61.05m (high), excluding premiums.
• The sell-through rate was 88% of the original 26 lots announced.

The star lot was: Claude Monet, Iris (1924), which sold for $56.19m, 125% above its $24.9m low estimate. It has been traded 3 times in the past.

The outperformer sold for 2204% above its low estimate. Pierre Laprade, Roses (Undated), sold for $25,900 ($1,123 low estimate). It has been traded twice in the past.

• 17 works, or 74%, sold above their high estimate.
• 4 works, or 17%, sold within their low and high estimate.
• 2 works, or 9%, 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, making this a white glove sale.

Withdrawn before the sale

3 works by Paul Cezanne were withdrawn before the sale, including: La Ferme (1862), estimated at $679,000 (low) to $905,300 (high). The works are being returned to the artist’s hometown of Aix-en-Provence for display at the Musée Granet alongside other works by the artist. The town intends to acquire them with support from France’s Ministry of Culture.

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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