3 min read · 11 Nov 2024
A.I. God. Portrait of Alan Turing by Ai-Da Robot sold for $1.12m. Image courtesy of Sotheby's, Online
A work by Ai-Da Robot, which had a guarantee, was the headline sale at Sotheby's, Online 'Digital Art Day Auction' on November 7.
The star lot was: Ai-Da Robot, A.I. God. Portrait of Alan Turing (2024), which sold for $1.12m, 836% above its $120,000 low estimate. The work was backed by a guarantee. It has not been traded before.
The outperformer sold for 836% above its low estimate. Ai-Da Robot, A.I. God. Portrait of Alan Turing (2024), sold for $1.12m ($120,000 low estimate). The work was backed by a guarantee. It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
1 work was backed by a guarantee: Ai-Da Robot, A.I. God. Portrait of Alan Turing (2024). It sold for $1.12m, 836% above its $120,000 low estimate. It has not been traded before.
2 works were bought-in, including: XCOPY, DOOM Party (2020), estimated at $800,000 (low) to $1.5m (high). It has not been traded before.
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.