Auction Results: Fine Photographs, February 19, 2015 @Swann

Swann’s sale of Fine Photographs last week fit the bill as an early season warm up – in the throes of the recent cold here in New York, the wheels of this particular auction never entirely gained traction, but the motor got cranked up enough to generate the beginnings of momentum. With few positive surprises to backfill the passes, the Total Sale Proceeds were lackluster, falling beneath the pre-sale estimate range.

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

Summary Statistics
Total Lots 173
Pre Sale Low Total Estimate $1088500
Pre Sale High Total Estimate $1601900
Total Lots Sold 125
Total Lots Bought In 48
Buy In % 27.75%
Total Sale Proceeds $936732

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 131
Low Sold 99
Low Bought In 32
Low Buy In % 24.43%
Total Low Estimate $683900
Total Low Sold $457707
Mid Total Lots 40
Mid Sold 25
Mid Bought In 15
Mid Buy In % 37.50%
Total Mid Estimate $753000
Total Mid Sold $404025
Total High Lots 2
High Sold 1
High Bought In 1
High Buy In % 50.00%
Total High Estimate $165000
Total High Sold $75000

The top lot by High estimate was lot 146, Helmut Newton, Portrait of Karl Lagerfeld in Paris, 1976, estimated at $70000-100000; it was also the top outcome of the sale at $75000 (image above, right, via Swann).

85.60% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 8, Eadweard Muybridge, Nude man swinging sledge hammer, 1887, estimated at $1000-1500, sold at $3750 (image above, middle, via Swann)

Lot 75, Arthur Siegel, Photogram, 1946, estimated at $1800-2200, sold at $5250 (image above, left, via Swann)

Complete lot by lot results can be found here.

Arthur Siegel, Eadweard Muybridge, Helmut Newton, Swann Auction Galleries

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