Stanley Whitney Leads Sotheby's, Online $302,500 'Walker Art Center Avant Garden Benefit Auction | Powered by Sotheby’s'

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 sale totaled $302,500, falling short of its pre-sale low estimate.

Snapshot of the sale

• 14 works sold totaling $302,500.
• Estimates totaled: $664,000 (low) and $781,000 (high), excluding premiums.
• The sell-through rate was 67% of the original 21 lots announced.

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.

• 2 works, or 14%, sold above their high estimate.
• 10 works, or 71%, sold within their low and high estimate.
• 2 works, or 14%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

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.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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