10/07/2010

Results: Sotheby's Chatsworth, The Attic Sale

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Sotheby's just completed a three day sale at Chatsworth, one of the estates belonging to the Duke of Devonshire. The sale was to raise money so the Duke can make improvements to Chatsworth as well as other properties he owns. As in the past with large and historic estates, known collections and provenance, the interest was strong, the bidding was competitive and the prices realized were above expectations.

Pre sale estimates expected the three day on site sale to total $4 million. When the last lot was sold, the three day sales totaled over $10 million. The sale offered 1,416 lots, with an amazing 1,391 selling. Only 25 lots failed to sell, for a sell through rate of over 98%. The top lot was a George II carved white marble chimneypiece,circa 1735, the design attributed to William Kent, possibly carved by John Boson. It sold for $893,000.00. This set a record for a chimneypiece at auction. The top ten items sold between $172,000 and $893,000.  The sale included primarily fine and decorative arts, and architectural pieces.

Sotheby's also reported on the sale
Number of helicopters that landed by the marquee: 12
Number of horseboxes used to collect lots purchased at the sale: 15
Number of people who came to the pre-sale exhibition: nearly 6,000
Number of catalogues sold prior to the sale: 12,500 Number of clients who bid at the sale: 1,719
comprising:
Bidders in the room: 915
Absentee bidders: 254
Telephone bidders: 180
Clients registered to bid online: 250
Lots sold to online bidders: 120, ranging from £50 to £42,500
Lot with the highest number of individual bids: lot 1339 (Dowager Duchess’s brooch), 80 bidders

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