Christie's Zabludowicz Auction Totals $20.38m

A work by Philip Guston, which had a guarantee, was the headline sale at Christie's 'Beyond Ordinary - Then. Now. Next. Works from the Zabludowicz Collection' auction on June 25 in London.

• The sale totaled $20.38m (GBP15.45m), meeting the pre-sale estimate.

Snapshot of the sale

• 47 works sold totaling $20.38m.
• Estimates totaled: $17.07m (low) and $26.03m (high), excluding premiums.
• The sell-through rate was 84% of the original 56 lots announced.

The star lot was: Philip Guston, Mirror Head (1977), which sold for $5.22m, 11% above its $4.68m low estimate. The work was backed by a guarantee. It has been traded twice in the past.

The outperformer sold for 194% above its low estimate. Jakub Julian Ziolkowski, Bestiarium (Bestiary) (2013), sold for $78,800 ($26,800 low estimate). It has been traded once in the past.

• 12 works, or 26%, sold above their high estimate.
• 28 works, or 60%, sold within their low and high estimate.
• 7 works, or 15%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Auction record

Rose Wylie, Sailing Boat (2015) sold for $385,400, beating the artist’s previous auction record by $80,300.

Guaranteed sales

7 works were backed by guarantees, including: Richard Prince, Untitled (Cowboy) (1994). It sold for $2.08m, 94% above its $1.07m low estimate.. It has been traded 3 times in the past.

Works that did not sell

6 works were bought-in, including: Wade Guyton, Untitled (2015), estimated at $200,800 (low) to $267,700 (high). It has been traded once in the past.

Withdrawn before the sale

3 works were withdrawn before the sale, including: Heidi Bucher, Parquet, Room nr. 25, Second floor, Obermühle (Ahnenhaus) (1980), estimated at $133,800 (low) to $200,800 (high).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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.