Auction Results: A Century of Art: Photographs from The Gerald Fineberg Collection, October 3, 2023 @Christie’s (online)

Following up on the first two parts of the Gerald Fineberg Collection sale earlier this May (results here), this online auction gathered up another tranche of photographs. The top lot August Sander portrait sold within its estimate range, only to be bested by a Walker Evans portfolio of African sculpture still lifes. With a solid overall Buy-In rate (under 15%) and a handful of positive surprises, the Total Sale Proceeds came in at roughly $880K, firmly in the middle of the aggregate 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 $816900
Aggregate Pre Sale High Estimate $1198600
Total Lots Sold 98
Total Lots Bought In 15
Buy In % 13.27%
Total Sale Proceeds $880236

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

Detailed Breakdown
Low Total Lots 77
Total Low Lots Sold 69
Total Low Lots Bought In 8
Low Buy In % 10.39%
Aggregate High Estimate of Low Lots $394600
Total Proceeds from Low Lots $284886
Mid Total Lots 34
Total Mid Lots Sold 27
Total Mid Lots Bought In 7
Mid Buy In % 20.59%
Aggregate High Estimate of Mid Lots $644000
Total Proceeds from Mid Lots $488250
Total High Lots 2
Total High Lots Sold 2
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $160000
Total Proceeds from High Lots $107100

The top photography lot by High estimate was lot 101A, August Sander, Der Maler Anton Räderscheidt, Köln, 1927, estimated at $70000-90000; it sold at $63000. The top outcome of the sale was lot 68A, Walker Evans, Photographs from African Negro Art (34 prints), 1935, estimated at $30000-50000, sold at $81900 (image above, via Christie’s.)

Just 42.86% of the lots that sold had proceeds in or above the estimate range and there were a total of 8 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 4A, Nan Goldin, CZ and Max on the beach, Truro, MA, 1976, estimated at $10000-15000, sold at $35280

Lot 16A, Bruce Weber, Rickson Gracie, Rio, 1986, estimated at $2000-3000, sold at $15120

Lot 29A, Fred McDarrah, Andy Warhol with his Cow Wallpaper, Castelli Gallery, April 1, 1966, 1966, estimated at $2000-3000, sold at $6300

Lot 43A, Gjon Mili, Picasso Drawing with Light, c1948, estimated at $1000-1500, sold at $13860

Lot 47A, Lotte Jacobi, Photogenic, c1950s, estimated at $2000-3000, sold at $10080

Lot 48A, Lotte Jacobi, Photogenic, c1950s, estimated at $2000-3000, sold at $9450

Lot 84A, Man Ray, Aurélien (13 prints), c1966, estimated at $15000-20000, sold at $56700

Lot 97A, Raoul Hausmann, Danae, 1932, estimated at $5000-7000, sold at $15120

The complete lot by lot results can be found here.

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Read more about: Bruce Weber, Fred W. McDarrah, Gjon Mili, Lotte Jacobi, Man Ray, Nan Goldin, Raoul Hausmann, Walker Evans, Christie's

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