Christie's Design Auction Totals $27.05m
'Pomme de Ben' by Claude and Francois-Xavier Lalanne sold for $8.73m. Image courtesy of Christie's
A work by
Claude and Francois-Xavier Lalanne
was the headline sale at Christie's 'Design' auction
on May 26-27 in Paris.
The star lot was:
Claude and Francois-Xavier Lalanne,
'Pomme de Ben' (2007), which sold for $8.73m, 147% above its $3.52m low estimate.
It has been traded once in the past.
Panel 'The Voice of Pan' by Emile Aubry sold for $679,800 (5692% above estimate). Image courtesy of Christie's
The outperformer sold for 5692% above its low estimate.
Emile Aubry,
Panel 'The Voice of Pan' (1936),
sold for $679,800 ($11,700 low estimate).
It has not been traded before.
2 works were backed by guarantees, including:
Francois Bauchet,
Console 'Cellae', Galerie kreo edition (2013).
It sold for $8,127, 38% above its $5,868 low estimate..
It has been traded once in the past.
50 works were bought-in, including:
Jacques Emile Ruhlmann,
'Triplan' Cabinet, ivory decoration by Eugénie O'Kin (1920), estimated at $352,100 (low) to $586,800 (high).
It has been traded once in the past.
1 work was withdrawn before the sale:
Dino Martens,
Vase ‘Pittorico’, the model made by Aureliano Toso, Murano (1954), estimated at $9,389 (low) to $11,700 (high).
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.
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This article was originally published by HENI.