3 min read · 27 Sep 2024
Calligraphy In Running Script by Zhang Daqian sold for $19,200. Image courtesy of Sotheby's, Online
A work by Zhang Daqian was the headline sale at Sotheby's, Online 'Arcade Sale | New York' on September 25.
The star lot was: Zhang Daqian, Calligraphy In Running Script (Undated), which sold for $19,200, 284% above its $5,000 low estimate.
The outperformer sold for 980% above its low estimate. American School, 20th century, Untitled (1928), sold for $1,080 ($100 low estimate).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.