Auction Results: First Open | Post-War & Contemporary Art (online), July 21, 2021 @Christie’s

The photography results from Christie’s recent First Open online sale were largely uneventful. A Sarah Charlesworth print took the top lot honors, with the Total Sale Proceeds (of roughly $235K) coming in at 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 31
Aggregate Pre Sale Low Estimate $203000
Aggregate Pre Sale High Estimate $300000
Total Lots Sold 24
Total Lots Bought In 7
Buy In % 22.58%
Total Sale Proceeds $237500

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

Detailed Breakdown
Low Total Lots 21
Total Low Lots Sold 16
Total Low Lots Bought In 5
Low Buy In % 23.81%
Aggregate High Estimate of Low Lots $126000
Total Proceeds from Low Lots $131250
Mid Total Lots 10
Total Mid Lots Sold 8
Total Mid Lots Bought In 2
Mid Buy In % 20.00%
Aggregate High Estimate of Mid Lots $174000
Total Proceeds from Mid Lots $106250
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 photography lot by High estimate was tied between two lots, each estimated at $15000-25000: lot 126, Wolfgang Tillmans, Wäscheberg, 2012, and lot 128, Andreas Gursky, Zoobrüke, Köln, 1988. The Tillmans sold at $17500, while the Gursky sold at $10000. The top photography outcome of the sale was lot 142, Sarah Charlesworth, Goat (from the Objects of Desire II series), 1985, estimated at $6000-8000, sold at $32500 (image above, via Christie’s.)

70.83% of the lots that sold had proceeds in or above the estimate range and there were a total of two positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 62, Andy Warhol, Lobster, 1982, estimated at $3000-5000, sold at $25000

Lot 142, Sarah Charlesworth, Goat (from the Objects of Desire II series), 1985, estimated at $6000-8000, sold at $32500

The complete lot by lot results can be found here.

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Read more about: Andy Warhol, Sarah Charlesworth, Christie's

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