Auction Results: Contemporary Curated (online), April 13, 2021 @Sotheby’s London

The photography included in the recent Contemporary Curated sale at Sotheby’s in London performed well. Led by a top lot Wolfgang Tillmans print, the Buy-In rate for photography stayed under 15%, leading to Total Sale Proceeds for photography (of roughly £550K), essentially right at 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 21
Aggregate Pre Sale Low Estimate £385000
Aggregate Pre Sale High Estimate £553000
Total Lots Sold 18
Total Lots Bought In 3
Buy In % 14.29%
Total Sale Proceeds £551880

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 3
Total Low Lots Sold 3
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots £15000
Total Proceeds from Low Lots £31752
Mid Total Lots 11
Total Mid Lots Sold 11
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots £123000
Total Proceeds from Mid Lots £135828
Total High Lots 7
Total High Lots Sold 4
Total High Lots Bought In 3
High Buy In % 42.86%
Aggregate High Estimate of High Lots £415000
Total Proceeds from High Lots £384300

The top photography lot by High estimate was lot 58, Wolfgang Tillmans, Arms and Legs, 2014, estimated at £80000-120000; it was also the top photography outcome of the sale at £138600 (image above, via Sotheby’s).

88.89% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Sotheby’s):

Lot 57, Wolfgang Tillmans, Philip, Close-Up II, 1997-1999, estimated at £3000-5000, sold at £20160

Lot 117, Gerhard Richter, Cage 6, 2020, estimated at £8000-12000, sold at £27720

The complete lot by lot results can be found here.

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Read more about: Gerhard Richter, Wolfgang Tillmans, Sotheby's

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