Auction Results: 20th/21st Century Evening and Post-War and Contemporary Art Day Sales, October 13 and 14, 2023 @Christie’s London

The photography lots included the contemporary art sales at Christie’s in London last week generally met expectations. The top lot Andreas Gursky print sold within its estimate range, and the overall Buy-In rate for photography came in below 12%, leading to Total Sales Proceeds for photography (of roughly £735K) that tallied up near 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 17
Aggregate Pre Sale Low Estimate £546000
Aggregate Pre Sale High Estimate £806000
Total Lots Sold 15
Total Lots Bought In 2
Buy In % 11.76%
Total Sale Proceeds £736596

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

Detailed Breakdown
Low Total Lots 3
Total Low Lots Sold 2
Total Low Lots Bought In 1
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots £14000
Total Proceeds from Low Lots £8316
Mid Total Lots 9
Total Mid Lots Sold 8
Total Mid Lots Bought In 1
Mid Buy In % 11.11%
Aggregate High Estimate of Mid Lots £217000
Total Proceeds from Mid Lots £268380
Total High Lots 5
Total High Lots Sold 5
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots £575000
Total Proceeds from High Lots £459900

The top photography lot by High estimate was lot 42, Andreas Gursky, Kirchentag (Church Congress), 2013, estimated at £200000-300000; it was also the top photography outcome of the sales at £226800 (image above, via Christie’s.)

86.67% of the photo lots that sold had proceeds in or above the estimate range and there was just one positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Christie’s):

Lot 252, Günther Förg, Pompeji II, 1986, estimated at £8000-12000, sold at £37800

Complete lot by lot results can be found here (20th/21st Century: London Evening) and here (Post-War and Contemporary Art Day).

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Read more about: Andreas Gursky, Günther Förg, Christie's

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