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.
