Auction Results: Fine Photographs & The Library of Bill Diodato, February 27, 2014 @Swann

The results of Swann’s early season sale of photographs and photobooks were solid but generally routine. The overall Buy-In rate came in just above 25% (decently strong given all the books) and there were a handful of positive surprises, but in the end, the Total Sale Proceeds slid just below the pre-sale estimate range.


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

Summary Statistics
Total Lots 269
Aggregate Pre Sale Low Estimate $972850
Aggregate Pre Sale High Estimate $1411850
Total Lots Sold 200
Total Lots Bought In 69
Buy In % 25.65%
Total Sale Proceeds $940960

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

Detailed Breakdown
Low Total Lots 240
Total Low Lots Sold 178
Total Low Lots Bought In 62
Low Buy In % 25.83%
Aggregate High Estimate of Low Lots $760850
Total Proceeds from Low Lots $524850
Mid Total Lots 28
Total Mid Lots Sold 21
Total Mid Lots Bought In 7
Mid Buy In % 25.00%
Aggregate High Estimate of Mid Lots $501000
Total Proceeds from Mid Lots $291110
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $150000
Total Proceeds from High Lots $125000

The top lot by High estimate was lot 95, Bernd & Hilla Becher, Industrial Facades (12 prints), 1978, estimated at $100000-150000; it was also the top outcome of the sale at $125000.

86.50% of the lots that sold had proceeds in or above the estimate range, and there were 7 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 3, Francis Frith, Sinai and Palestine album, 1862, estimated at $4000-6000, sold at $16250

Lot 17, Charles Arnold, Album of1 9th century Chicago, 1891-1892, estimated at $7000-10000, sold at $21760

Lot 40, Engineering/Construction, Album of large scale construction projects, 1938-1940, estimated at $3500-4500, sold at $9375

Lot 56, André Kertész, Washington Square Park, NYC, 1954/1967, estimated at $5000-7500, sold at $16250 (image above, left, via Swann)

Lot 158, Robert Adams, The New West, 1974, estimated at $600-900, sold at $2000 (image above, middle, via Swann)

Lot 172, Robert Capa, Death in the Making, 1938, estimated at $1200-1800, sold at $3750 (image above, right, via Swann)

Lot 242, Irving Penn, Select group of 7 signed titles, various dates, estimated at $600-900, sold at $3750

Complete lot by lot results can be found here.

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Read more about: André Kertész, Robert Adams, Robert Capa, Swann Auction Galleries

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