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
Pre Sale Low Total Estimate $1243500
Pre Sale High Total 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
Low Sold 36
Low Bought In 7
Low Buy In % 16.28%
Total Low Estimate $254500
Total Low Sold $175375
Mid Total Lots 20
Mid Sold 13
Mid Bought In 7
Mid Buy In % 35.00%
Total Mid Estimate $546000
Total Mid Sold $330625
Total High Lots 5
High Sold 4
High Bought In 1
High Buy In % 20.00%
Total High Estimate $1090000
Total High Sold $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.

Edward Steichen, Richard Avedon, Christie's

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