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.
