Ai-Da Robot Leads Sotheby's, Online $1.29m 'Digital Art Day Auction'

Ai-Da Robot Leads Sotheby's, Online $1.29m 'Digital Art Day Auction'

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.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 sale totaled $1.29m, meeting the pre-sale estimate.

Snapshot of the sale

  • 15 works sold totaling $1.29m.
  • Estimates totaled: $1.1m (low) and $1.98m (high), excluding premiums.
  • The sell-through rate was 88% of the original 17 lots announced.

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

Breakdown of results against auction house estimates that are disclosed

  • 7 works, or 47%, sold above their high estimate.
  • 3 works, or 20%, sold within their low and high estimate.
  • 5 works, or 33%, sold below their low estimate.
  • 0 sold with undisclosed estimates.

Guaranteed sales

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.

Works that did not sell

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.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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


background
heni art news

Get the HENI News Daily Art Digest delivered to your inbox

You'll also receive occasional updates about HENI. See our Privacy Policy.