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.
