Following up on the first part of the family collection sale of Dorothea Lange photographs at Philips in October of last year (here), the results for the second part of the sale held last week were pretty lackluster. Aside from the top lot, which found a buyer above its estimate range, the rest of the sale muddled along, with an overall Buy-In rate of 60% and no positive surprises. In the end, the Total Sale Proceeds for the second part (of roughly $130K) came in below the low end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 50 |
| Aggregate Pre Sale Low Estimate | $189000 |
| Aggregate Pre Sale High Estimate | $295000 |
| Total Lots Sold | 20 |
| Total Lots Bought In | 30 |
| Buy In % | 60.00% |
| Total Sale Proceeds | $132261 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 49 |
| Total Low Lots Sold | 19 |
| Total Low Lots Bought In | 30 |
| Low Buy In % | 61.22% |
| Aggregate High Estimate of Low Lots | $270000 |
| Total Proceeds from Low Lots | $91621 |
| Mid Total Lots | 1 |
| Total Mid Lots Sold | 1 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | $25000 |
| Total Proceeds from Mid Lots | $40640 |
| Total High Lots | 0 |
| Total High Lots Sold | NA |
| Total High Lots Bought In | NA |
| High Buy In % | NA |
| Aggregate High Estimate of High Lots | $0 |
| Total Proceeds from High Lots | $0 |
The top lot by High estimate was lot 6, Dorothea Lange, White Angel Breadline, San Francisco, 1933/later, estimated at $15000-25000; it was also the top outcome of the sale at $40640 (image above via Phillips).
100.00% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).
The complete lot by lot results can be found here.
