Pablo Picasso Leads Sotheby's, Online $1.08m 'Hommage à Aldo Crommelynck: De Picasso à Jasper Johns' Auction

A work by Pablo Picasso was the headline sale at Sotheby's, Online 'Hommage à Aldo Crommelynck: De Picasso à Jasper Johns' auction on July 7.

• The sale totaled $1.08m (EUR921,300), exceeding the pre-sale high estimate.

Snapshot of the sale

• 113 works sold totaling $1.08m.
• Estimates totaled: $696,000 (low) and $951,400 (high), excluding premiums.
• The sell-through rate was 99% of the original 114 lots announced.

The star lot was: Pablo Picasso, Suite 156 (1968), which sold for $328,400, 7% above its $305,400 low estimate.

The outperformer sold for 1255% above its low estimate. Le Corbusier, Don Quichotte (1953), sold for $2,389 ($176 low estimate).

• 64 works, or 57%, sold above their high estimate.
• 27 works, or 24%, sold within their low and high estimate.
• 22 works, or 19%, 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.

Withdrawn before the sale

1 work was withdrawn before the sale: Jasper Johns, Untitled (Yellow) and Untitled (Blue) (1982) estimated at $4,699 (low) to $7,048 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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