Auction Results: Contemporary Art Evening and Day Auctions, May 11 and 12, 2016 @Sotheby’s

The photographic results at Sotheby’s recent Contemporary Art Evening and Day Auctions were entirely uneventful. With an overall Buy-In rate pushing 35% and no positive surprises, the photography mumbled along to finish with Total Sale Proceeds below the aggregate pre-sale range.

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

Summary Statistics
Total Lots 23
Pre Sale Low Total Estimate $2679000
Pre Sale High Total Estimate $3787000
Total Lots Sold 15
Total Lots Bought In 8
Buy In % 34.78%
Total Sale Proceeds $2315125

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

Detailed Breakdown
Low Total Lots 2
Low Sold 2
Low Bought In 0
Low Buy In % 0.00%
Total Low Estimate $15000
Total Low Sold $16625
Mid Total Lots 9
Mid Sold 6
Mid Bought In 3
Mid Buy In % 33.33%
Total Mid Estimate $252000
Total Mid Sold $152500
Total High Lots 12
High Sold 7
High Bought In 5
High Buy In % 41.67%
Total High Estimate $3520000
Total High Sold $2146000

The top lot by High estimate was lot 39, Piotr Uklanski, The Nazis, 1998, estimated at $500000-700000 (image in preview post). It was also the top photographic outcome of the sales at $550000.

100.00% of the lots that sold had proceeds in or above the estimate range but there were no positive surprises in the sales (defined as having proceeds of at least double the high estimate). The closest thing to a positive surprise was lot 532, Sam Falls, Untitled (Wind Chimes 6), 2013, estimated at $5000-7000, sold at $10625 (image above via Sotheby’s).

The complete lot by lot results can be found here (Evening) and here (Day).

Sam Falls, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

Mark Power, Good Morning, America (Volume One)

Mark Power, Good Morning, America (Volume One)

JTF (just the facts): Published in 2019 by GOST Books (here). Hardcover, clothbound, 136 pages including 12 foldouts, with 57 color reproductions. Includes a short text by the artist. In ... Read on.

Sign up for our weekly email newsletter