The photography results from the single collector sale of art and design at Christie’s in New York last week were solid. The top photo lot Hiroshi Sugimoto architecture image found a buyer just above its estimate range, and an additional positive surprise in the form of a Horst fashion image from the 1940s helped add to the tally. When the dust settled, the Total Sale Proceeds for photography (of just under $900K) came in at roughly 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 | 20 |
| Aggregate Pre Sale Low Estimate | $724000 |
| Aggregate Pre Sale High Estimate | $1088000 |
| Total Lots Sold | 13 |
| Total Lots Bought In | 7 |
| Buy In % | 35.00% |
| Total Sale Proceeds | $895230 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 2 |
| Total Low Lots Sold | 0 |
| Total Low Lots Bought In | 2 |
| Low Buy In % | 100.00% |
| Aggregate High Estimate of Low Lots | $13000 |
| Total Proceeds from Low Lots | $0 |
| Mid Total Lots | 11 |
| Total Mid Lots Sold | 7 |
| Total Mid Lots Bought In | 4 |
| Mid Buy In % | 36.36% |
| Aggregate High Estimate of Mid Lots | $285000 |
| Total Proceeds from Mid Lots | $193410 |
| Total High Lots | 7 |
| Total High Lots Sold | 6 |
| Total High Lots Bought In | 1 |
| High Buy In % | 14.29% |
| Aggregate High Estimate of High Lots | $790000 |
| Total Proceeds from High Lots | $701820 |
The top photography lot by High estimate was lot 10, Hiroshi Sugimoto, Chrysler Building, 1996, estimated at $200000-300000; it was also the top photography outcome in the sale at $302400 (image above, via Christie’s.)
84.62% of the lots that sold had proceeds in or above the estimate range and there was just one positive surprise in the sale (defined as having proceeds of at least double the high estimate) (image above via Christie’s):
Lot 122, Horst P. Horst, American Vogue Cover, 15 May, 1941, 1941/later, estimated at $15000-20000, sold at $56700
The complete lot by lot results can be found here.
