Auction Results: First Open | Post-War & Contemporary Art, December 14, 2023 @Christie’s (online)

The photography included in Christie’s recent First Open online sale didn’t deliver much in the way of excitement, but the end of the year mop auctions hardly ever do. The top lot Richard Prince Instagram portrait sold within its estimate, and with a respectable Buy-In rate for photography of 25%, the Total Sale Proceeds for photography (of roughly $250K) came in just 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 20
Aggregate Pre Sale Low Estimate $273000
Aggregate Pre Sale High Estimate $417000
Total Lots Sold 15
Total Lots Bought In 5
Buy In % 25.00%
Total Sale Proceeds $252756

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

Detailed Breakdown
Low Total Lots 7
Total Low Lots Sold 4
Total Low Lots Bought In 3
Low Buy In % 42.86%
Aggregate High Estimate of Low Lots $33000
Total Proceeds from Low Lots $25326
Mid Total Lots 12
Total Mid Lots Sold 10
Total Mid Lots Bought In 2
Mid Buy In % 16.67%
Aggregate High Estimate of Mid Lots $324000
Total Proceeds from Mid Lots $179550
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 $60000
Total Proceeds from High Lots $47880

The top photography lot by High estimate was lot 127, Richard Prince, Untitled, 2014, estimated at $40000-60000; it was also the top photography outcome of the sale at $47880 (image above, via Christie’s.)

66.67% 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 230, Marcel Broodthaers, Une seconde, 1974, estimated at $5000-7000, sold at $17640

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Marcel Broodthaers, Richard Prince, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Kelly Tissot, Relics from an imaginary friend @Tara Downs

Kelly Tissot, Relics from an imaginary friend @Tara Downs

JTF (just the facts): A total of 6 large scale photographic works, framed in raw oiled steel and unmatted, and hung against white walls in a smaller side gallery. All ... Read on.

Sign up for our weekly email newsletter