Auction Results: Adams & Company: Photographs of the American West Including Property from the Peter Fetterman Collection (online), May 25, 2022 @Christie’s

Drawn from the collection of gallery owner Peter Fetterman, this sale of western landscape material (heavy on the work of Ansel Adams) generally performed to expectations. A Moonrise print by Adams took the top lot honors, and a reasonable Buy-In rate (of 22%) kept the Total Sale Proceeds tally (of roughly $650K) squarely 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 50
Aggregate Pre Sale Low Estimate $523500
Aggregate Pre Sale High Estimate $770500
Total Lots Sold 39
Total Lots Bought In 11
Buy In % 22.00%
Total Sale Proceeds $649026

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

Detailed Breakdown
Low Total Lots 30
Total Low Lots Sold 25
Total Low Lots Bought In 5
Low Buy In % 16.67%
Aggregate High Estimate of Low Lots $186500
Total Proceeds from Low Lots $195426
Mid Total Lots 18
Total Mid Lots Sold 12
Total Mid Lots Bought In 6
Mid Buy In % 33.33%
Aggregate High Estimate of Mid Lots $454000
Total Proceeds from Mid Lots $283500
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 $130000
Total Proceeds from High Lots $170100

The top lot by High estimate was lot 6, Ansel Adams, Portfolio IV, What Majestic Word: In Memory of Russell Varian, 1963, estimated at $50000-70000; it found a buyer at $75600, but it wasn’t the top outcome of the sale. That honor went to lot 2, Ansel Adams, Moonrise, Hernandez, New Mexico, 1941/1973-1977, estimated at $40000-60000, sold at $94500 (image above, via Christie’s.)

97.44% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 40, Edward Curtis, The Three Chiefs – Piegan, 1900, estimated at $6000-8000, sold at $16380

Lot 48, Edward Curtis, Chief Garfield, Jicarilla and Bread, Apsaroke, 1904, 1908, estimated at $1500-2500, sold at $5040

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Ansel Adams, Edward Curtis, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Hitoshi Fugo: Kami @Miyako Yoshinaga

Hitoshi Fugo: Kami @Miyako Yoshinaga

JTF (just the facts): A total of 10 black-and-white photographs, framed in black and unmatted, and hung against white walls in the main gallery space. All of the works are ... Read on.

Sign up for our weekly email newsletter