Auction Results: 20/21 Photographs, November 14, 2014 @Christie’s Paris

Led by continuing strength in the market for Constantin Brancusi’s photographs, Christie’s various owner photographs sale during Paris Photo performed solidly. With a Buy-In rate under 25% and plenty of positive surprises, the Total Sale Proceeds fell squarely in the middle of the pre-sale estimate range.

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

Summary Statistics
Total Lots 113
Aggregate Pre Sale Low Estimate €2089000
Aggregate Pre Sale High Estimate €3066000
Total Lots Sold 86
Total Lots Bought In 27
Buy In % 23.89%
Total Sale Proceeds €2519250

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

Detailed Breakdown
Low Total Lots 18
Total Low Lots Sold 12
Total Low Lots Bought In 6
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots €106000
Total Proceeds from Low Lots €99125
Mid Total Lots 80
Total Mid Lots Sold 63
Total Mid Lots Bought In 17
Mid Buy In % 21.25%
Aggregate High Estimate of Mid Lots €1470000
Total Proceeds from Mid Lots €1499425
Total High Lots 15
Total High Lots Sold 11
Total High Lots Bought In 4
High Buy In % 26.67%
Aggregate High Estimate of High Lots €1490000
Total Proceeds from High Lots €920700

The top lot by High estimate was lot 318, Edward Steichen, Bricks (West 86th Street) New York, 1922, estimated at €120000-180000; it did not sell. The top outcome of the sale was lot 314, Gustave Le Gray, Ciel chargé, Mer Méditerranée, 1857, estimated at €80000-120000, sold at €217500 (image above, middle, via Christie’s)

95.35% of the lots that sold had proceeds in or above the estimate range and there were a total of 12 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 304, Constantin Brancusi, Melle Pogany II, vue de trois-quarts, bronze poli, vers 1920, estimated at €20000-30000, sold at €79500 (image above, left, via Christie’s)

Lot 305, Constantin Brancusi, Melle Pogany II, vue de trois-quarts, marbre veiné, vers 1920, estimated at €20000-30000, sold at €67500

Lot 306, Constantin Brancusi, Vue d’atelier avec Eve et Nouvé Né, vers 1919, estimated at €10000-15000, sold at €59100

Lot 309, Constantin Brancusi, Léda, bronze poli, vers 1926, estimated at €20000-30000, sold at €67500

Lot 310, Constantin Brancusi, L’Oiseau dans l’espace, marbre blanc, vers 1925, estimated at €10000-15000, sold at €43500

Lot 329, W. Eugene Smith, The Walk to Paradise Garden, 1946, estimated at €6000-8000, sold at €22500

Lot 343, Henri Cartier-Bresson, Valence, Espagne, 1933/1950, estimated at €5000-7000, sold at €16250

Lot 357, Robert Mapplethorpe, Orchid, 1987, estimated at €10000-15000, sold at €31250

Lot 374, Raphael Mazzucco, Sans Titre (The World is No Longer Flat), estimated at €8000-12000, sold at €25000

Lot 375, John Coplans, SP 40 99 Interlocking Fingers n. 10, 1999, estimated at €4000-6000, sold at €18750 (image above, right, via Christie’s)

Lot 410, Paolo Roversi, Natalia, Studio 9 rue Paul Fort Paris, 23 novembre 2003, estimated at €5000-7000, sold at €15000

Lot 411, William Eggleston, Sans titre (from Los Alamos series), vers 1960-70/2002, estimated at €6000-8000, sold at €17500

Complete lot by lot results can be found here.

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Read more about: Constantin Brancusi, Gustave Le Gray, John Coplans, Christie's

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