Yannis Moralis Leads Bonhams $3.15m 'The Greek Sale' in Paris

A work by Yannis Moralis was the headline sale at Bonhams 'The Greek Sale' on April 24 in Paris.

• The sale totaled $3.15m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 120 works sold totaling $3.15m.
• Estimates totaled: $2.12m (low) and $3.07m (high), excluding premiums.
• The sell-through rate was 69% of the original 173 lots announced.

The star lot was: Yannis Moralis, Eroticon (1991), which sold for $597,900, 100% above its $270,700 low estimate. It has not been traded before.

The outperformer sold for 400% above its low estimate. Spyros Vassiliou, Athens (1979), sold for $6,159 ($1,083 low estimate).

• 64 works, or 53%, sold above their high estimate.
• 56 works, or 47%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

52 works were bought-in, including: Theodoros Stamos, Infinity Field Torino Series VI (1988), estimated at $43,300 (low) to $65,000 (high).

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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