Auction Results: Daydreaming: Photographs from the Goldstein Collection, April 2, 2019 @Christie’s

The results from the recent single owner Goldstein sale at Christie’s generally met expectations. The top lot Richard Avedon Dovima with Elephants found a buyer at $615K, and with a overall Buy-In rate at roughly 22%, the Total Sale Proceeds fell comfortably in the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 68
Aggregate Pre Sale Low Estimate $1243500
Aggregate Pre Sale High Estimate $1890500
Total Lots Sold 53
Total Lots Bought In 15
Buy In % 22.06%
Total Sale Proceeds $1614750

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

Detailed Breakdown
Low Total Lots 43
Total Low Lots Sold 36
Total Low Lots Bought In 7
Low Buy In % 16.28%
Aggregate High Estimate of Low Lots $254500
Total Proceeds from Low Lots $175375
Mid Total Lots 20
Total Mid Lots Sold 13
Total Mid Lots Bought In 7
Mid Buy In % 35.00%
Aggregate High Estimate of Mid Lots $546000
Total Proceeds from Mid Lots $330625
Total High Lots 5
Total High Lots Sold 4
Total High Lots Bought In 1
High Buy In % 20.00%
Aggregate High Estimate of High Lots $1090000
Total Proceeds from High Lots $1108750

The top lot by High estimate was lot 44, Richard Avedon, Dovima with Elephants, Evening Dress by Dior, Cirque d’Hiver, Paris, 1955/1979, estimated at $350000-550000; it was also the top outcome of the sale at $615000 (image above via Christie’s).

79.25% of the lots that sold had proceeds in or above the estimate range and there was just 1 positive surprise in the sale (defined as having proceeds of at least double the high estimate) (image above via Christie’s):

Lot 13, Edward Steichen, Loretta Young, Hollywood, 1931, estimated at $10000-15000, sold at $47500

The complete lot by lot results can be found here.

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Read more about: Edward Steichen, Richard Avedon, Christie's

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