Auction Results: 20/21st Century: London Evening, The Art of the Surreal Evening, Impressionist and Modern Art Day, and Post-War and Contemporary Art Day Sales, March 7, 8, and 9, 2024 @Christie’s London

Two Dadaist photomontages by Hannah Höch led the photographic way at the various contemporary art sales at Christie’s in London last week. One Höch work topped £450K, a new record for the artist, and the other more than tripled its high estimate. Higher priced photographic works by other artists also fared well. In the end, the overall Buy-In rate for photography was 25%, but the Total Sales Proceeds for photography (of roughly £1.8M) still came in well above the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 16
Aggregate Pre Sale Low Estimate £1020000
Aggregate Pre Sale High Estimate £1532000
Total Lots Sold 12
Total Lots Bought In 4
Buy In % 25.00%
Total Sale Proceeds £1834308

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 1
Total Low Lots Sold 1
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots £7000
Total Proceeds from Low Lots £6048
Mid Total Lots 7
Total Mid Lots Sold 3
Total Mid Lots Bought In 4
Mid Buy In % 57.14%
Aggregate High Estimate of Mid Lots £215000
Total Proceeds from Mid Lots £102060
Total High Lots 8
Total High Lots Sold 8
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots £1310000
Total Proceeds from High Lots £1726200

The top photography lot by High estimate was lot 477, Andreas Gursky, Hong Kong Stock Exchange, 2000/2023, estimated at £200000-300000; it sold at £252000, but was not the top photography outcome of the sales. That honor went to lot 105, Hannah Höch, Das schöne Mädchen (The Beautiful Girl), c1920, estimated at £120000-180000, sold at £453600 (image above, via Christie’s.)

100.00% of the photo lots that sold had proceeds in or above the estimate range and there were 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 105, Hannah Höch, Das schöne Mädchen (The Beautiful Girl), c1920, estimated at £120000-180000, sold at £453600

Lot 236, Hannah Höch, Bürgerliches Brautpaar (Streit), 1919, estimated at £50000-80000, sold at £264600

Lot 548, Peter Beard, Ele in Bush, 1972/2008, estimated at £10000-15000, sold at £30240

Complete lot by lot results can be found here (20th/21st Century: London Evening), here (The Art of the Surreal Evening), here (Impressionist and Modern Art Day), and here (Post-War and Contemporary Art Day).

Send this article to a friend

Read more about: Hannah Höch, Peter Beard, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Emin Özmen, Olay

Emin Özmen, Olay

JTF (just the facts): Published in 2023 by MACK Books (here). Hardcover, 17 x 21 cm, 192 pages, with 87 color and black-and-white photographs. Includes texts by the artist and ... Read on.

Sign up for our weekly email newsletter