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.
