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The phrase 'which was estimated' is correct and can be used in written English.
It is used to indicate that a particular amount or quantity has been guessed or calculated rather than measured or observed directly. For example, "The building project was estimated to cost $2 million, which was significantly more than the budget."
Exact(57)
Several bidders wanted the painting, which was estimated at $4 million to $6 million.
And what a difference in the crowd, which was estimated at a couple of thousand.
Nobody wanted the painting, which was estimated at $2.5 million to $3.5 million.
Georgia's undercount was worse than New York State's, which was estimated at 1.5percentt.
Bidding opened at £6m for the piece, which was estimated to fetch at least £8m.
Meanwhile, a Tammy doll – Pippa's friend – which was estimated at between £40-£60 £40-£60or £2,760.
Dozens of police officers were at the stadium controlling the crowd, which was estimated at several thousand.
Menswear's £10.4bn worth has nothing on the women's industry, which was estimated at about £20.7bn in 2012.
Close behind was a six-magnum lot of 1961 Château Latour, which was estimated at $18,000 to $22,000 and sold for $24,150.
Three bidders went for the sculpture, which was estimated at $800,000 to $1.2 million; it sold to an anonymous telephone bidder for $2.3 million.
Four bidders vied for the work, which was estimated at $500,000 to $700,000, and it sold for $650,000, or $782,500 including commission.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com