Auction Results: Eclectic (online), May 18, 2020 @Sotheby’s London

The photography included in Sotheby’s recent Eclectic sale in London (online) largely met expectations. High priced lots have performed relatively weakly in this new online auction reality, and this sale was no different, with the top lot Rauschenberg print failing to sell and heavier Buy-Ins overall within the top tier. In the end, the Total Sale Proceeds (of roughly £375K) missed the low end of the aggregate pre-sale estimate range by a decent margin.

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

Summary Statistics
Total Lots 52
Aggregate Pre Sale Low Estimate £485000
Aggregate Pre Sale High Estimate £675000
Total Lots Sold 41
Total Lots Bought In 11
Buy In % 21.15%
Total Sale Proceeds £373875

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

Detailed Breakdown
Low Total Lots 21
Total Low Lots Sold 19
Total Low Lots Bought In 2
Low Buy In % 9.52%
Aggregate High Estimate of Low Lots £53000
Total Proceeds from Low Lots £43000
Mid Total Lots 24
Total Mid Lots Sold 19
Total Mid Lots Bought In 5
Mid Buy In % 20.83%
Aggregate High Estimate of Mid Lots £284000
Total Proceeds from Mid Lots £219625
Total High Lots 7
Total High Lots Sold 3
Total High Lots Bought In 4
High Buy In % 57.14%
Aggregate High Estimate of High Lots £338000
Total Proceeds from High Lots £111250

The top photography lot by High estimate was lot 20, Robert Rauschenberg, Photem Series 1, #29, 1981, estimated at £70000-90000; it did not sell. The top photography outcome of the sale was lot 102, Peter Beard, Giraffes in Mirage on the Taru Desert, Kenya, 1960/later, estimated at £30000-40000, sold at £68750 (image above, via Sotheby’s).

87.80% 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 Sotheby’s):

Lot 146, Don McCullin, Wounded Marine, Vietnam, 1968/1990, estimated at £2000-3000, sold at £7500

The complete lot by lot results can be found here.

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Read more about: Don McCullin, Peter Beard, Sotheby's

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