Auction Results: Contemporary Curated, June 12, 2014 @Sotheby’s London

Generally lackluster photographic material and plenty of sales executed below the pre-sale estimate range didn’t seem to damper the overall mood at the Contemporary Curated sale at Sotheby’s in London last week. Even with these negatives, the higher end lots performed decently well in this mop up auction, easily carrying the Total Sale Proceeds to the middle of the range.

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

Summary Statistics
Total Lots 48
Aggregate Pre Sale Low Estimate £468000
Aggregate Pre Sale High Estimate £669000
Total Lots Sold 33
Total Lots Bought In 15
Buy In % 31.25%
Total Sale Proceeds £527377

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

Detailed Breakdown
Low Total Lots 12
Total Low Lots Sold 8
Total Low Lots Bought In 4
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots £46000
Total Proceeds from Low Lots £18001
Mid Total Lots 29
Total Mid Lots Sold 19
Total Mid Lots Bought In 10
Mid Buy In % 34.48%
Aggregate High Estimate of Mid Lots £313000
Total Proceeds from Mid Lots £209376
Total High Lots 7
Total High Lots Sold 6
Total High Lots Bought In 1
High Buy In % 14.29%
Aggregate High Estimate of High Lots £310000
Total Proceeds from High Lots £300000

The top lot by High estimate was tied between two lots: lot 36, Cindy Sherman, Untitled #105, 1982 (image above, right, via Sotheby’s), and lot 210, Vik Muniz, Norms on Fire, After Ed Ruscha (from Pictures of Cars), 2008 (image above, left, via Sotheby’s), both estimated at £40000-60000; the Muniz print was the top outcome of the sale at £81250, while the Sherman print sold for £71875.

Only 63.64% of the lots that sold had proceeds in or above the estimate range and there were no surprises in the sale (defined as having proceeds of at least double the high estimate).

Complete lot by lot results can be found here.

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Read more about: Cindy Sherman, Vik Muniz, Sotheby's

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