Every lot found a buyer at Christie’s recent single artist sale of prints by Ansel Adams from the collection of the Center for Creative Photography. And while full sell through is always a notable achievement, nearly 30% of the lots that sold did so below their estimate ranges and there were no positive surprises in the sale, so this material (mostly later prints) didn’t surprise anyone. In the end, the Total Sale Proceeds topped $1M, just above the high end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
|Aggregate Pre Sale Low Estimate||$670000|
|Aggregate Pre Sale High Estimate||$1003000|
|Total Lots Sold||85|
|Total Lots Bought In||0|
|Buy In %||0.00%|
|Total Sale Proceeds||$1075750|
Here is the breakdown (using our typical Low, Mid, and High definitions):
|Low Total Lots||46|
|Total Low Lots Sold||46|
|Total Low Lots Bought In||0|
|Low Buy In %||0.00%|
|Aggregate High Estimate of Low Lots||$320000|
|Total Proceeds from Low Lots||$255250|
|Mid Total Lots||39|
|Total Mid Lots Sold||39|
|Total Mid Lots Bought In||0|
|Mid Buy In %||0.00%|
|Aggregate High Estimate of Mid Lots||$683000|
|Total Proceeds from Mid Lots||$820500|
|Total High Lots||0|
|Total High Lots Sold||NA|
|Total High Lots Bought In||NA|
|High Buy In %||NA|
|Aggregate High Estimate of High Lots||$0|
|Total Proceeds from High Lots||$0|
The top lot by High estimate was tied between two lots: lot 3, Ansel Adams, Clearing Winter Storm, Yosemite Valley, California, 1938/1978-1984, and lot 41, Ansel Adams, Moonrise, Hernandez, New Mexico, 1941/1973-1977, both estimated at $30000-50000. The Moonrise print was the top outcome of the sale at $75000 (image above via Christie’s), while the Clearing Winter Storm print sold at $60000.
70.59% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).
The complete lot by lot results can be found here.