Auction Results: Agathe Gaillard et La Photographie, November 14, 2013 @Christie’s Paris

Given the preponderance of lower priced material in Christie’s single owner Agathe Gaillard sale last week (queued up to match Paris Photo), it wouldn’t have been surprising to find some softness in the outcome. But the results were certainly solid, with a Buy-In rate less than 35%, more than a handful of positive surprises, and Total Sale Proceeds that fell within the pre-sale range.

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

Summary Statistics
Total Lots 149
Aggregate Pre Sale Low Estimate €427100
Aggregate Pre Sale High Estimate €637400
Total Lots Sold 99
Total Lots Bought In 50
Buy In % 33.56%
Total Sale Proceeds €463775

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 140
Total Low Lots Sold 92
Total Low Lots Bought In 48
Low Buy In % 34.29%
Aggregate High Estimate of Low Lots €475400
Total Proceeds from Low Lots €317375
Mid Total Lots 8
Total Mid Lots Sold 6
Total Mid Lots Bought In 2
Mid Buy In % 25.00%
Aggregate High Estimate of Mid Lots €112000
Total Proceeds from Mid Lots €108900
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots €50000
Total Proceeds from High Lots €37500

The top lot by High estimate was lot 6, Henri Cartier-Bresson, L’araignée d’amour, 1934, estimated at €30000-50000; it sold for €37500. The top outcome of the sale was lot 59, Michel Journiac, 24h de la vie d’un femme, 1974, estimated at €15000-20000, sold at €39900.

92.93% of the lots that sold had proceeds in or above the estimate range, and there were a total of 7 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 38, Harry Ossip Meerson, Sans titre, 1970, estimated at €1000-1500, sold at €3750

Lot 51, Gisele Freund, Colette, 1939/1975, estimated at €1000-2000, sold at €5000

Lot 54, Herve Guibert, Autoportrait, New York, 1981, estimated at €1000-1500, sold at €3000

Lot 99, Edouard Boubat, New York, Broadway Bridge, 1981, estimated at €2000-3000, sold at €6250 (image above, middle via Christie’s)

Lot 134, Izis, 1er Mai, place Victor-Basch, Paris, 1950/1977, estimated at €1000-1500, sold at €8750 (image above, left, via Christie’s)

Lot 141, August Sander, Der Witwer, 1914/1976, estimated at €1000-1500, sold at €3750

Lot 145, August Sander, Marchand de tableaux, 1928/1976, estimated at €2000-3000, sold at €7750 (image above, right, via Christie’s)

Complete lot by lot results can be found here.

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Read more about: August Sander, Edouard Boubat, Izis (Israëlis Bidermanas), Christie's

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