Auction Results: Constantiner Collection, Part II @Christie’s

Part II of the Constantiner Collection of fashion and glamour photography was sold at Christie’s on February 12th, with much more modest success than the record breaking results from Part I. The proceeds from the sale were more than $200000 below the total low estimate. The results are below (all results include the buyer’s premium):

Total Lots: 155
Pre Sale High Total Estimate: $1734500

Total Lots Sold: 104
Total Lots Bought In: 51
Buy In %: 32.90%
Total Sale Proceeds: $910251

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

Low Total Lots: 113
Low Sold: 77
Low Bought In: 36
Buy In %: 31.86%
Total Low Estimate: $523500
Total Low Sold: $276126

Mid Total Lots: 38
Mid Sold: 24
Mid Bought In: 14
Buy In %: 36.84%
Total Mid Estimate: $771000
Total Mid Sold: $334125

High Total Lots: 4
High Sold: 3
High Bought In: 1
Buy In %: 25.00%
Total High Estimate: $440000
Total High Sold: $300000

Complete lot by lot results can be found here.

44.23% of the lots that sold had proceeds below the estimate range, so more work is needed going forward to bring estimates in line with buyer expectations. Surprises (defined as having proceeds of at least double the high estimate) included Alvin Booth’s lot of 9 untitled images ($6875) and Lee Friedlander’s nude of Madonna ($37500).

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