Auction Results: Heinrich Kühn – 60 Photographs, December 1, 2017 @Lempertz

The single owner collection of hand-crafted vintage prints by Heinrich Kühn performed admirably at Lempertz in Cologne last week. Enticing estimates for these rarities generated plenty of interest and the sale delivered 13 positive surprises in the 60 lots on offer. The overall Buy-In rate came in just above 25% (the passes coming mostly in the lower priced lots), while consistent strength at the top end drove the Total Sale Proceeds meaningfully above the aggregate pre-sale high estimate.

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

Summary Statistics
Total Lots 60
Pre Sale Low Total Estimate €240300
Pre Sale High Total Estimate €310100
Total Lots Sold 44
Total Lots Bought In 16
Buy In % 26.67%
Total Sale Proceeds €419068

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

Detailed Breakdown
Low Total Lots 51
Low Sold 35
Low Bought In 16
Low Buy In % 31.37%
Total Low Estimate €215100
Total Low Sold €239268
Mid Total Lots 9
Mid Sold 9
Mid Bought In 0
Mid Buy In % 0.00%
Total Mid Estimate €95000
Total Mid Sold €179800
Total High Lots 0
High Sold NA
High Bought In NA
High Buy In % NA
Total High Estimate €0
Total High Sold NA

The top lot by High estimate was lot 205, Heinrich Kühn, Alfred Stieglitz, 1905, estimated at €15000-20000. It sold at €22320. The top outcome of the sale was lot 224, Heinrich Kühn, Untitled, 1911, estimated at €6000-8000, sold at €34720 (image above, via Lempertz).

100.00% of the lots that sold had proceeds in or above the estimate range, and there were a total of 13 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 203, Heinrich Kühn, Untitled (Innsbruck), c1900, estimated at €3000-4000, sold at €9300

Lot 209, Heinrich Kühn, Meadow in Birgitz (Hans and Mary seated), c1908, estimated at €2000-3000, sold at €8060

Lot 215, Heinrich Kühn, Study in Tonal Values III, 1908, estimated at €6000-8000, sold at €22320

Lot 216, Heinrich Kühn, Miss Mary, 1908, estimated at €8000-10000, sold at €31000

Lot 223, Heinrich Kühn, Wine bottle, water glass and apple, c1911, estimated at €6000-8000, sold at €19840

Lot 224, Heinrich Kühn, Untitled, 1911, estimated at €6000-8000, sold at €34720

Lot 231, Heinrich Kühn, Rosenstillleben, 1915, estimated at €5000-6000, sold at €17360

Lot 232, Heinrich Kühn, Rosenstillleben, 1915, estimated at €5000-6000, sold at €18600

Lot 241, Heinrich Kühn, Still-life with Horse and Flowers, c1914, estimated at €2500-3000, sold at €11780

Lot 244, Heinrich Kühn, Frauentorso im Sonnenlicht, c1920, estimated at €4000-5000, sold at €19840

Lot 245, Heinrich Kühn, Frauentorso im Sonnenlicht, c1920, estimated at €4000-5000, sold at €22320

Lot 247, Heinrich Kühn, Nude seen from behind, c1920, estimated at €6000-8000, sold at €21080

Lot 254, Heinrich Kühn, Gum tree, 1929, estimated at €3500-4000, sold at €9300

The complete lot by lot results can be found here.

Read more about: Heinrich Kühn, Kunsthaus Lempertz

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