Sotheby’s Price Grabbers – Who Surpassed High Estimates?

September 12th, 2007

allandarcangelo-smokedream_21.jpgAllan D’Arcangelo’s ‘Smoke Dreams’ via Sotheby’s

Sotheby’s Contemporary Sale today brought in $13,134,050 for the auction house. And as usual, there are those lots who surpassed their high estimates, like above, Allan D’Arcangelo‘s “Smoke Dreams #2″. Estimated between $8,000 – $12,000, the piece sold for $289,000. Other high fetchers after the jump.

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Sol LeWitt’s “Seven Stars (in Seven Parts)” via Sotheby’s

Sol LeWitt‘s “Seven Stars (in Seven Parts)”
Estimated $30,000 – $50,000
Sold for $253,000

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Takashi Murakami’s ‘Dob’ via Sotheby’s

Takashi Murakami‘s “Dob”
Estimated $12,000 – $15,000
Sold for $52,000

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Karel Appel’s ‘Jumping Fox with Green Virgin’ via Sotheby’s

Karel Appel‘s “Jumping Fox with Green Virgin”
Estimated $7,000 – $9,000
Sold for $22,500

However, the limit of $500 million in price guarantees that Sotheby’s set back in August for their upcoming sales may affect the auction house’s profit. The $13 million total for the sale was higher than the $10.5 million estimate, but it wasn’t impressive compared to previous seasons.