Tyler Hobbs Leads Sotheby's Online $651,900 'Digital Art Day Sale'

A work by Tyler Hobbs was the headline sale at Sotheby's Online 'Digital Art Day Sale' on April 9.

• The sale totaled $651,900, meeting the pre-sale estimate.

Snapshot of the sale

• 52 works sold totaling $651,900.
• Estimates totaled: $511,700 (low) and $714,700 (high), excluding premiums.
• The sell-through rate was 95% of the original 55 lots announced.

The star lot was: Tyler Hobbs, Fidenza #740 (2021), which sold for $114,300, 3% above its $110,000 low estimate. It has been traded 4 times in the past.

The outperformer sold for 1100% above its low estimate. Divergence, {COMPOSITE II} 0x7e5746e2fc (2021), sold for $2,540 ($200 low estimate). It has been traded 4 times in the past.

• 32 works, or 62%, sold above their high estimate.
• 16 works, or 31%, sold within their low and high estimate.
• 4 works, or 8%, 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Withdrawn before the sale

3 works were withdrawn before the sale, including: Monica Rizzolli, Fragments of an Infinite Field #130 (2021) estimated at $400 (low) to $600 (high).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. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.