Tyler Hobbs Leads Sotheby's, Online $398,600 'Digital Art Day Auction'

A work by Tyler Hobbs was the headline sale at Sotheby's, Online 'Digital Art Day Auction' on September 19.

• The sale totaled $398,600, meeting the pre-sale estimate.

Snapshot of the sale

• 27 works sold totaling $398,600.
• Estimates totaled: $383,300 (low) and $565,000 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

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.

• 13 works, or 48%, sold above their high estimate.
• 7 works, or 26%, sold within their low and high estimate.
• 7 works, or 26%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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