Auction Results: Contemporary Art Evening and Day Auctions, November 14 and 15, 2019 @Sotheby’s

The photographs sold in Sotheby’s Contemporary Art auctions in New York last week performed admirably. With the top photo lot Richard Prince work selling above its estimate range, a photography Buy-In rate of under 6%, and a few positive surprises thrown in for good measure, the Total Sale Proceeds for photography (of nearly $2.9M) came in far above the high end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 18
Aggregate Pre Sale Low Estimate $1412000
Aggregate Pre Sale High Estimate $2096000
Total Lots Sold 17
Total Lots Bought In 1
Buy In % 5.56%
Total Sale Proceeds $2876250

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 0
Total Low Lots Sold NA
Total Low Lots Bought In NA
Low Buy In % NA
Aggregate High Estimate of Low Lots $0
Total Proceeds from Low Lots $0
Mid Total Lots 9
Total Mid Lots Sold 8
Total Mid Lots Bought In 1
Mid Buy In % 11.11%
Aggregate High Estimate of Mid Lots $216000
Total Proceeds from Mid Lots $365000
Total High Lots 9
Total High Lots Sold 9
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $1880000
Total Proceeds from High Lots $2511250

The top photography lot by High estimate was lot 419, Richard Prince, Untitled (Four Women Looking in the Same Direction), 1977, estimated at $250000-350000; it was also the top photography outcome of the sales at $530000 (image above, via Sotheby’s).

88.24% of the lots that sold had proceeds in or above the estimate range and there was 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above via Sotheby’s):

Lot 124, Charles Gaines, Falling Leaves: Set 4, 1979, estimated at $30000-40000, sold at $150000

Lot 420, Cindy Sherman, Untitled Film Still #49, 1979, estimated at $120000-180000, sold at $400000

Lot 508, Louise Lawler, I-O, 1993/1998, estimated at $20000-30000, sold at $65000

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

Send this article to a friend

Read more about: Charles Gaines, Cindy Sherman, Louise Lawler, Richard Prince, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

John Dowell, Cotton: Symbol of the Forgotten @Laurence Miller

John Dowell, Cotton: Symbol of the Forgotten @Laurence Miller

JTF (just the facts): A total of 26 color photographs, either framed in silver or unframed and pinned directly to the wall, hung against while walls in the two room ... Read on.

Sign up for our weekly email newsletter