Auction Results: 30 Years of Photography at Lempertz – 30 Photographic Masterpieces and Photography, November 29, 2019 @Lempertz

Lempertz celebrated 30 years of photography auctions with a special sale bolted on to the front of its normal various owner photography sale in Cologne last week. And while the selection of higher priced lots gave the sale a bit more firepower than usual, an overly healthy Buy-In rate (more than 42%) weakened the results. The Total Sale Proceeds for the two sales came in at roughly €475K, far underneath the aggregate pre-sale high estimate.

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

Summary Statistics
Total Lots 180
Aggregate Pre Sale Low Estimate NA
Aggregate Pre Sale High Estimate €1034400
Total Lots Sold 104
Total Lots Bought In 76
Buy In % 42.22%
Total Sale Proceeds €476222

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 152
Total Low Lots Sold 93
Total Low Lots Bought In 59
Low Buy In % 38.82%
Aggregate High Estimate of Low Lots €371400
Total Proceeds from Low Lots €252712
Mid Total Lots 25
Total Mid Lots Sold 10
Total Mid Lots Bought In 15
Mid Buy In % 60.0%
Aggregate High Estimate of Mid Lots €473000
Total Proceeds from Mid Lots €176390
Total High Lots 3
Total High Lots Sold 1
Total High Lots Bought In 2
High Buy In % 66.67%
Aggregate High Estimate of High Lots €190000
Total Proceeds from High Lots €47120

The top lot by High estimate was lot 20, Leni Riefenstahl, Nuba Portfolio, 2002, estimated at €80000-100000; it did not sell. The top outcome of the sale was lot 4, Karl Blossfeldt, Aconitum anthora (Eisenhut), 1915-1920, estimated at €30000-40000, sold at €47120 (image above via Lempertz).

80.77% of the lots that sold had proceeds in or above the estimate range, and there were a total of 10 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 9, Umbo, Winterlicher Wald, 1935, estimated at €4000-5000, sold at €11780

Lot 31, Wilhelm Schneider, Vierergespann vor einem Schlosseingang, c1860, estimated at €1500, sold at €3224

Lot 43, Guglielmo Plüschow, Untitled, c1900, estimated at €1200, sold at €2976

Lot 44, Guglielmo Plüschow, Untitled, c1900, estimated at €1200, sold at €2976

Lot 56, Erich Consemüller, Bauhaus Dessau (20 photo post cards), 1926, estimated at €5000-7000, sold at €14880

Lot 105, Albert Renger-Patzsch, Zeche Germania, Dortmund-Marten, 1952, estimated at €2200-2500, sold at €5828

Lot 132, NASA, A front view of the Apollo 14 Lunar Module, 1971, estimated at €900, sold at €1984

Lot 132, NASA, Earth View, 1969, estimated at €900, sold at €3224

Lot 155, Barbara Klemm, Leonid Breschnew, Willy Brandt, Bonn, 1973, estimated at €1200-1500, sold at €4960

Lot 157, Barbara Klemm, Fall der Mauer, Berlin, 10. November 1989, 1989, estimated at €1500-2000, sold at €4712

The complete lot by lot results can be found here (30 Years of Photography at Lempertz) and here (Photography).

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Read more about: Albert Renger-Patzsch, Barbara Klemm, Erich Consemüller, Guglielmo (Wilhelm) Plüschow, Karl Blossfeldt, NASA, Wilhelm Schneider, Kunsthaus Lempertz

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