Andy Warhol Leads Sotheby's, Online $3.89m 'Prints & Multiples' Auction

A work by Andy Warhol was the headline sale at Sotheby's, Online 'Prints & Multiples' auction on September 24-24.

• The sale totaled $3.89m (GBP2.87m), meeting the pre-sale estimate.

Snapshot of the sale

• 104 works sold totaling $3.89m.
• Estimates totaled: $3.78m (low) and $5.58m (high), excluding premiums.
• The sell-through rate was 78% of the original 134 lots announced.

The star lot was: Andy Warhol, Marilyn Monroe (1967), which sold for $515,300, 153% above its $203,400 low estimate.

The outperformer sold for 216% above its low estimate. Salvador Dali, L'Unicorne, 1977 (1984), sold for $25,800 ($8,135 low estimate).

• 40 works, or 38%, sold above their high estimate.
• 52 works, or 50%, sold within their low and high estimate.
• 12 works, or 12%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

27 works were bought-in, including: Banksy, Kate Moss - Original Colourway (2005), estimated at $94,900 (low) to $135,600 (high).

Withdrawn before the sale

3 works were withdrawn before the sale, including: Roy Lichtenstein, Water Lilies with Cloud, from Water Lilies Series (1992) estimated at $677,900 (low) to $949,100 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.