Auction Result: Photography (online), December 9, 2021 @Van Ham

Van Ham experimented with an online-only Photography sale last week, with mixed results. The generally low priced offerings suffered from an overall Buy-In rate that was too high (over 55%), and with just two positive surprises to balance the passes, the Total Sale Proceeds (of just over €100K) came in below the low end of the aggregate pre-sale estimate range.

The summary statistics are below (all results include the buyer’s premium):

Summary Statistics
Total Lots 129
Aggregate Pre Sale Low Estimate €137500
Aggregate Pre Sale High Estimate €197700
Total Lots Sold 57
Total Lots Bought In 72
Buy In % 55.81%
Total Sale Proceeds €100787

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 127
Total Low Lots Sold 55
Total Low Lots Bought In 72
Low Buy In % 56.69%
Aggregate High Estimate of Low Lots €179700
Total Proceeds from Low Lots €75499
Mid Total Lots 2
Total Mid Lots Sold 2
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots €18000
Total Proceeds from Mid Lots €25288
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots €0
Total Proceeds from High Lots €0

The top photography lot by High estimate was tied between two lots: lot 121, Rosemarie Trockel, Untitled (Dackel), 1993, and lot 124, Rosemarie Trockel, Untitled (Dackel), 1993, both estimated at €7000-9000; the first Trockel dog portrait was the top outcome of the sale at €14875 (image above via Van Ham), while the second sold at €10413.

95.83% of the lots that sold had proceeds in or above the estimate. There were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Van Ham):

Lot 87, Andrea Grützner, Untitled 6 (From: Erbgericht), 2015, estimated at €300-500, sold at €1190

Lot 95, Günther Förg, Architektur II (5 prints), 1993, estimated at €800-1000, sold at €2376

Complete lot by lot results can be found here.

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Read more about: Andrea Grützner, Günther Förg, Rosemarie Trockel, Van Ham Kunstauktionen

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