Bonhams: Prints And Multiples Auction Analysis

April 23, 2015

On Monday, April 21 another successful auction was held, this time at Bonhams in San Francisco, under the name Prints & Multiples. This was the chance to buy some artwork by some famous contemporary artist for a reasonable price - the highest price achieved at the Prints & Multiples at Bonhams was $90,000, but for six works, in this case by Roy Lichtenstein. There were 257 lots, but 123 of them were contemporary art, and we'll focus on them. Out of these 123, 97 were sold, or excellent 78.9 percent. The number of sold lots over high estimate wasn't high, just 15 of them - 12.2 percent of total number and 15.5 percent of sold lots. More than half of sold lots went in range of estimated values - 50 of them, or 51.5 percent of sold lots. Finally, 32 lots were sold under low estimate, or one-third of sold lots. This number of sold lots at contemporary part of Prints & Multiples auction at Bonhams was sold for just under $1 million ($911,550). That was $133,000 bellow the sum of high estimates of sold lots (-12.7 percent), and $184,000 above the sum of low estimates (+25.4 percent).

The Best Individual Results at Bonhams: Prints And Multiples

As we said, Roy Lichtenstein's six works Bull Profile Series had the highest price of the auction (contemporary art only) at $90,000 (estimated at $80,000 - $120,000). Another multiple-work lot, five works by Keith Haring (Growing Series I-V) went for $87,000, or $17,000 over the high estimate. Edward Ruscha's Hollywood was sold at low estimate, for $70,000, one of the Andy Warhol's Flowers went for $48,000, or with +37.1 percent difference between hammer price and high estimate. Wayne Thiebaud's Candy Apples almost achieved high estimate ($40,000), as it was sold for $38,000, as well as another Andy Warhol's Flowers. Four lithographs in colors on wove paper by Keith Haring (Untitled) went for $29,000 (estimated at $18,000 - $25,000), and Andy Warhol's Mao was sold for a thousand less, for $28,000. Wayne Thiebaud's Dark Cake was sold for $24,000, Edward Ruscha's Marble, Olive had huge success, as it was estimated at $6,000 - $8,000, and changed hands for $22,000, or with +175 percent difference between hammer price and high estimated. Arman's Untitled also had big difference between hammer price and high estimated - it was estimated at $5,000 - $7,000, and went for $18,000, or with +157.1 percent difference. David Hockney's Artist and Model changed hands for $15,000, while Roy Lichtenstein's Brushstroke and Richard Estes' Holland Hotel both went for $14,000. Two artworks, Andy Warhol's Jacqueline Kennedy I (Jackie I), from 11 Pop Artists and Jeff Koons' Balloon Dog - Blue both went for $12,000, three works were sold for $11,000 - Wayne Thiebaud's Coconut Cake (Cherry Cake), Claes Oldenburg's Fire Plug Souvenir - Chicago and Robert Motherwell's Bastos, and only one more work, Damien Hirst's Kindness was sold for $10,000. All other lots were sold for four-figure prices or lower.

Highs and Lows of Bonhams: Prints And Multiples

When it comes to the biggest difference between hammer price and high estimate, the mentioned Edward Ruscha's Marble, Olive was the winner of the auction - it went for almost three times more than its high estimate (+175 percent difference). Arman's Untitled was sold for 2.5 times than its high estimate (+157.1 percent difference), and Josef Albers' White Line Square WLS-XIV went for $3,500, and was estimated at $1,000 - $1,500 (+133.3 percent difference). Ellsworth Kelly's Grape Leaves II was sold for $9,500 and had + 58.3 percent difference (estimated at $4,000 - $6,000), and one of the Andy Warhol's Flowers had +37.1 percent difference (estimated at $25,000 - $35,000, and was sold for $48,000). On the down side, Andy Warhol's Shoe and Leg (The Some Like it Hot Shoe) had third highest estimated value ($60,000 - $70,000) and remained unsold. Arman's Zingaro was estimated at $12,000 - $18,000 and also wasn't sold, as well as two Andy Warhol's work, Vote McGovern and Sidewalk, from Eight by Eight to Celebrate the Temporary Contemporary, as well as Jonathan Borofsky's I dreamed I was having my photograph taken with a group of people. Suddenly I began to rise up and fly around the room. Half way around I tried to get out the door. When I couldn't get out I continued to fly around the room until I landed and sat down next to my mother who said I had done a good job!, No. 2822484 each was estimated at $10,000 - $15,000. Among artworks that were sold, but had their hammer price bellow their low estimate, four Takashi Murakami's works organized in two lots (DOB in Pure White Robe (Pink & Blue); DOB in Pure White Robe (Navy & Vermilion) and And Then x6 (Blue: Superflat Method); And Then x6 (Vermilion: The Superflat Method) had -35 percent difference between hammer price and low estimate, while Wangechi Mutu's Homeward Bound and Philip Guston's Untitled both had -50 percent difference.

Please, scroll down to see detailed info on all lots auctioned at Bonhams on Tuesday.

Bonhams: Prints And Multiples in Details

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Bonhams
Jasper Johns - Cups 4 Picasso, 1972 (Lot 186)

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Jeff Koons - Balloon Dog - Blue, 1995 (Lot 192)

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Jenny Holzer - Truism 4 (Mother And Child), 1990 (Lot 180)

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Keith Haring - Growing Series I-V, 1988 (5 works) (Lot 172)

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Morton Wayne Thiebaud - Candy Apples, 1987 (Lot 241)

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Morton Wayne Thiebaud - Dark Cake, 1983 (Lot 240)

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Nathan Oliveira - Duoro Valley XI, 1997 (Lot 221)

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Roy Lichtenstein - Bull Profile Series, 1973 (6 works) (Lot 197)

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Roy Lichtenstein - Entablature IX, From Entablature Series, 1976 (Lot 198)

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Roy Lichtenstein - Modern Head Brooch, 1968 (Lot 193)

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Sam Francis - Red Again, 1972 (Lot 159)

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Takashi Murakami - And Then X6 (Blue - Superflat Method), And Then X6 (Vermilion - The Superflat Method), 2013 (Lot 213)

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Tom Wesselmann - Nude And Mirror, 1990 (Lot 256)

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James Rosenquist - Fireworks For President Clinton (Not in Glenn, G. 1704), 1996 (Lot 231) (detail)

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Roy Lichtenstein - Brushstroke, 1965 (Lot 194)

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James Rosenquist - Flamingo Capsule, 1973 (Lot 229) (detail)

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Gerhard Richter - Seestück (Gegenlicht), 1991 (Lot 228)

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Frank Stella - The Symphony, From The Embassy Suite, 1990 (Lot 239) (detail)

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Fernandez Arman - Zingaro, 1997 (Lot 136)

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Ellsworth Kelly - Red Curve (Radius Of 8'), 1973-75 (Lot 191) (detail)

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Edward Ruscha - Hollywood, 1968 (lot 234)

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David Hockney - Celia - Adjusting Her Eyelash, 1979 (Lot 178)

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Damien Hirst - Proctolin, 2008 (Lot 174)

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Claes Oldenburg - Fire Plug Souvenir - Chicago, 1968 (Lot 220)

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Andy Warhol - Self-portrait, 1966 (Lot 247)

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Andy Warhol - Jacqueline Kennedy I (Jackie I), From 11 Pop Artists, 1966 (Lot 246) (detail)

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Andy Warhol - Flowers, 1970 (Lot 248)

Featured images:
- Wayne Thiebaud - Coconut Cake (Cherry Cake), 1964 (Lot 244) (detail)
- Tom Wesselmann - Monica In Robe With Motherwell, 1994 (Lot 257)
- Jasper Johns - Flag (Moratorium), 1969 (Lot 185) (detail)
- Edward Ruscha - Marble, Olive, 1969 (Lot 232) (detail)

Also in slider:
- Damien Hirst - Kindness, 2011 (Lot 176) (detail)
- Richard Estes - Holland Hotel (A.p. 127), 1984 (detail)
- Helen Frankenthaler - Solar Imp, 2001 (Lot 163) (detail)

All images courtesy of Bonhams.

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