Auction Results: Contemporary Art and Photography Online Only, December 2 and 4, 2022 @Grisebach

While a handful of higher priced photo lots tucked into the contemporary art sale pushed the tally up at the recent run of Contemporary Art and Photography Online Only sales at Grisebach in Berlin last week, an overall Buy-In rate across the two sales topping 40% ultimately dampened the combined results. A number of positive surprises created some bounce, but the Total Sale Proceeds (of roughly €585K) came in well below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 184
Aggregate Pre Sale Low Estimate €700000
Aggregate Pre Sale High Estimate €975600
Total Lots Sold 110
Total Lots Bought In 74
Buy In % 40.22%
Total Sale Proceeds €587674

Here is the breakdown (using our typical Low, Mid, and High definitions). Given recent currency fluctuations, we have once again re-adapted our local currency thresholds to match roughly $10000 and $50000 break points between categories.

Detailed Breakdown
Low Total Lots 170
Total Low Lots Sold 101
Total Low Lots Bought In 69
Low Buy In % 40.59%
Aggregate High Estimate of Low Lots €524600
Total Proceeds from Low Lots €335174
Mid Total Lots 10
Total Mid Lots Sold 6
Total Mid Lots Bought In 4
Mid Buy In % 40.00%
Aggregate High Estimate of Mid Lots €201000
Total Proceeds from Mid Lots €110000
Total High Lots 4
Total High Lots Sold 3
Total High Lots Bought In 1
High Buy In % 25.00%
Aggregate High Estimate of High Lots €250000
Total Proceeds from High Lots €142500

The top lot by High estimate was lot 756, Ai Weiwei, June 1994, 1994, estimated at €50000-70000; it did not sell. The top outcome of the sales was tied between two lots: lot 720, Günther Förg, Barcelona Pavillon, 1998, estimated at €40000-60000, and lot 722, Wolfgang Tillmans, Äther, 2001, estimated at €40000-60000, both sold at €50000 (images above, via Grisebach).

96.36% of the lots that sold had proceeds in or above the estimate range and there were a total of 10 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Grisebach):

Lot 1462, Bryan Adams, HM The Queen, Buckingham Palace, London, 2001, estimated at €7000-9000, sold at €21875

Lot 1469, Gertrud Arndt, Portrait Wera Meyer-Waldeck, Dessau, 1930/1984, estimated at €1000-1200, sold at €2500

Lot 1482, Sibylle Bergemann, Katharina Thalbach, Berlin, 1974/1992, estimated at €1800-2200, sold at €7000

Lot 1483, Sibylle Bergemann, Marisa und Gabriele, Sellin, 1981, estimated at €1800-2200, sold at €7250

Lot 1506, Andreas Feininger, Lyonel Feininger, 1928, estimated at €1000-1200, sold at €4000

Lot 1509, Benedict J. Fernandez, U.N. (Martin Luther King), 1967/later, estimated at €800-1000, sold at €2625

Lot 1511, Trude Fleischmann, Study with Glass Sphere, Vienna, 1923, estimated at €1200-1800, sold at €4750

Lot 1571, Man Ray, Boulevard Edgar Quinet à minuit, 1924, estimated at €7000-9000, sold at €40625

Lot 1597, Arnold Odermatt, Stansstad, 1966/later, estimated at €1200-1600, sold at €3500

Lot 1625, Umbo, Golden Gate Bridge, San Francisco, 1952/1995 (estate), estimated at €600-700, sold at €1625

Complete lot by lot results can be found here (Contemporary Art) and here (Photography).

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Read more about: Andreas Feininger, Arnold Odermatt, Benedict J. Fernandez, Gertrud Arndt, Günther Förg, Man Ray, Sibylle Bergemann, Trude Fleischmann, Umbo (Otto Umbehr), Wolfgang Tillmans, Grisebach

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