3 min read · 11 May 2024
Boating in Spring River by Zhang Daqian sold for $154,400. Image courtesy of Sotheby's, Online
A work by Zhang Daqian was the headline sale at Sotheby's, Online 'Inkspiration: Chinese Paintings Online' auction on May 10.
The star lot was: Zhang Daqian, Boating in Spring River (1965), which sold for $154,400, 300% above its $38,400 low estimate.
The outperformer sold for 27800% above its low estimate. Tung Chiao, A Sentimental Journey (Undated), sold for $3,576 ($13 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
15 works were bought-in, including: Anonymous, Guanyin (Undated), estimated at $10,200 (low) to $20,500 (high).
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.