3 min read · 24 Sep 2024
Fidenza #373 by Tyler Hobbs sold for $84,000. Image courtesy of Sotheby's, Online
A work by Tyler Hobbs was the headline sale at Sotheby's, Online 'Digital Art Day Auction' on September 19.
The star lot was: Tyler Hobbs, Fidenza #373 (2021), which sold for $84,000, 5% above its $80,000 low estimate. It has been traded twice in the past.
The outperformer sold for 1580% above its low estimate. Loren Bednar, phase #189 (2021), sold for $1,680 ($100 low estimate). It has been traded 3 times in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.