3 min read · 27 Sep 2024
Untitled by Stanley Whitney sold for $71,500. Image courtesy of Sotheby's, Online
A work by Stanley Whitney was the headline sale at Sotheby's, Online 'Walker Art Center Avant Garden Benefit Auction | Powered by Sotheby’s' on September 23.
The star lot was: Stanley Whitney, Untitled (2020), which sold for $71,500, 2% above its $70,000 low estimate. It has not been traded before.
The outperformer sold for 303% above its low estimate. Bruno Gruppalli, Sin Título (2022), sold for $12,100 ($3,000 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
7 works were bought-in, including: Terry Winters, Tessellation Figures (12) (2011), estimated at $150,000 (low) to $170,000 (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0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.