Auction Results: Collection Shalom Shpilman, November 13 and 20, 2015 @Christie’s Paris

The second part of the single owner Shalom Shpilman sale at Christie’s in Paris took place on November 20th, having been delayed from its original November 14th date by the Paris attacks. The overall results of the two session sale were accordingly muted, particularly at the top end of the price range. With an overall Buy-In rate over 37%, the Total Sale Proceeds failed to meet the low end of the aggregate pre-sale range.

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

Summary Statistics
Total Lots 210
Aggregate Pre Sale Low Estimate €3139000
Aggregate Pre Sale High Estimate €4486000
Total Lots Sold 132
Total Lots Bought In 78
Buy In % 37.14%
Total Sale Proceeds €2695600

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

Detailed Breakdown
Low Total Lots 79
Total Low Lots Sold 52
Total Low Lots Bought In 27
Low Buy In % 34.18%
Aggregate High Estimate of Low Lots €433000
Total Proceeds from Low Lots €330500
Mid Total Lots 108
Total Mid Lots Sold 67
Total Mid Lots Bought In 41
Mid Buy In % 37.96%
Aggregate High Estimate of Mid Lots €1723000
Total Proceeds from Mid Lots €1078750
Total High Lots 23
Total High Lots Sold 13
Total High Lots Bought In 10
High Buy In % 43.48%
Aggregate High Estimate of High Lots €2330000
Total Proceeds from High Lots €1286350

The top lot by High estimate was lot 259, Thomas Struth, The Rothko Chapel, Houston, 2007, estimated at €300000-400000; it did not sell. The top outcome of the sale was lot 241, Dora Maar, Les années vous guettent, 1936, estimated at €100000-150000, sold at €325500. (image in preview post)

95.45% 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) (images above, via Christie’s):

Lot 241, Dora Maar, Les années vous guettent, 1936, estimated at €100000-150000, sold at €325500 (image in preview post)

Lot 276, Imre Kinszki, Untitled, 1937, estimated at €4000-6000, sold at €23750

Lot 329, Kenneth Josephson, Chicago, 1959, estimated at €2000-3000, sold at €6000

Lot 333, Lotte Jacobi, Photogenic, 1945-1955, estimated at €1500-2000, sold at €4000

Lot 349, Imre Kinszki, Untitled (Man with Shadow I), 1928-1928, estimated at €2000-3000, sold at €10625

Lot 375, Barbara Kasten, Studio Construction 51, 2008, estimated at €2000-3000, sold at €6250

Lot 392, Thomas Struth, Rue aux Laines, Brussels, 1980, estimated at €7000-10000, sold at €27500

Complete lot by lot results can be found here.

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Read more about: Barbara Kasten, Dora Maar, Imre Kinszki, Kenneth Josephson, Lotte Jacobi, Thomas Struth, Christie's

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