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.
