Sotheby’s Weindling Collection Auction Totals $16.75m

A work by Aert van der Neer, which had a guarantee, was the headline sale at Sotheby's 'Light and Life: The Lester L. Weindling Collection' auction on February 5 in New York.

• The sale totaled $16.75m, meeting the pre-sale estimate.

Snapshot of the sale

• 12 works sold totaling $16.75m.
• Estimates totaled: $12.1m (low) and $17.65m (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Aert van der Neer, Frozen River at Sunset (Undated), which sold for $2.37m, 31% above its $1.8m low estimate. The work was backed by a guarantee. It has changed hands several times in the past.

The outperformer sold for 293% above its low estimate. Abel Grimmer, Interior of the Antwerp Cathedral (1595), sold for $787,400 ($200,000 low estimate). The work was backed by a guarantee. It has been traded 10 times in the past.

• 5 works, or 42%, sold above their high estimate.
• 7 works, or 58%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

12 works were backed by guarantees, including: Jan van de Capelle, Shipping Scene on a Calm Sea with a Jetty at Left (Undated). It sold for $2.37m, 18% above its $2m low estimate.. It has been traded 14 times in the past.

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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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