3 min read · 10 Apr 2024
Fidenza #740 by Tyler Hobbs sold for $114,300. Image courtesy of Sotheby's, Online
A work by Tyler Hobbs was the headline sale at Sotheby's Online 'Digital Art Day Sale' on April 9.
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.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
3 works were withdrawn before the sale, including: Monica Rizzolli, Fragments of an Infinite Field #130 (2021) estimated at $400 (low) to $600 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.