Auction Results: Contemporary Curated, November 21, 2017 @Sotheby’s London

The results for the photography included in Sotheby’s Contemporary Curated sale in London earlier this week were uneven but ultimately largely to form. One lot sold for just £63, while a nude by Torbjørn Rødland sold for more than 11X its high estimate, so the outcomes were all over the map. In the end, the overall Buy-In rate for photography came in at just over 20%, and with a few positive surprises, the Total Sale Proceeds fell solidly within the pre-sale estimate range.

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

Summary Statistics
Total Lots 48
Pre Sale Low Total Estimate £224800
Pre Sale High Total Estimate £321000
Total Lots Sold 38
Total Lots Bought In 10
Buy In % 20.83%
Total Sale Proceeds £248026

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

Detailed Breakdown
Low Total Lots 25
Low Sold 20
Low Bought In 5
Low Buy In % 20.00%
Total Low Estimate £59000
Total Low Sold £38276
Mid Total Lots 23
Mid Sold 18
Mid Bought In 5
Mid Buy In % 21.74%
Total Mid Estimate £262000
Total Mid Sold £209750
Total High Lots 0
High Sold NA
High Bought In NA
High Buy In % NA
Total High Estimate £0
Total High Sold NA

The top photography lot by High estimate was lot 138, Paul McCarthy, Fred Flintstone (from the Propo series), 1992, estimated at £18000-25000 (image in preview post). It was also the top photography outcome of the sale at £22500.

57.89% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above via Sotheby’s):

Lot 119, Eileen Quinlan, Smoke & Mirrors #99, 2006, estimated at £1500-2000, sold at £4000

Lot 129, Torbjørn Rødland, Nudist No. 8, 1999, estimated at £500-700, sold at £8125

Lot 144, Malick Sidibé, Regardez-Moi, 1962/2000, estimated at £4000-6000, sold at £15000

Lot 200, Anthony Goicolea, Bed Wetters, 2000, estimated at £1000-1500, sold at £3250

The complete lot by lot results can be found here.

Read more about: Anthony Goicolea, Eileen Quinlan, Malick Sidibé, Torbjorn Rødland, Sotheby's

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