After Salvador Dali Leads Sotheby's, Online $1.86m 'Pauline Karpidas: The London Collection Online Auction'

A work by After Salvador Dali, which had a guarantee, was the headline sale at Sotheby's, Online 'Pauline Karpidas: The London Collection Online Auction' on September 19-19.

• The sale totaled $1.86m (GBP1.36m), exceeding the pre-sale high estimate.

Snapshot of the sale

• 97 works sold totaling $1.86m.
• Estimates totaled: $247,900 (low) and $368,600 (high), excluding premiums.
• The sell-through rate was 98% of the original 99 lots announced.

The star lot was: After Salvador Dali, Ashtray for Air-India (1967), which sold for $95,100, 11663% above its $808 low estimate. The work was backed by a guarantee.

The outperformer sold for 11663% above its low estimate. After Salvador Dali, Ashtray for Air-India (1967), sold for $95,100 ($808 low estimate). The work was backed by a guarantee.

• 83 works, or 86%, sold above their high estimate.
• 10 works, or 10%, sold within their low and high estimate.
• 4 works, or 4%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

97 works were backed by guarantees, including: Rachel Harrison, Untitled (2012). It sold for $20,700, 156% above its $8,083 low estimate.. It has been traded once in the past.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Maison Deux, *After the “Ours Polaire” Model by Jean Royère

Armchair* (2003) estimated at $4,042 (low) to $6,736 (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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.