Auction Results: Important Photographs from the Collection of Dr. Anthony Terrana, April 2 and 3, 2013 @Phillips New York

Phillips can certainly be pleased with the outcome of the Anthony Terrana single owner photographs sale. Interest was strong across all three price levels, the overall Buy-In rate hovered near 15%, and the Total Sale Proceeds nearly reached the High estimate, powered by a solid number of positive surprises.

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

Summary Statistics
Total Lots 165
Aggregate Pre Sale Low Estimate $3718500
Aggregate Pre Sale High Estimate $5400000
Total Lots Sold 140
Total Lots Bought In 25
Buy In % 15.15%
Total Sale Proceeds $5053750

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

Detailed Breakdown
Low Total Lots 78
Total Low Lots Sold 72
Total Low Lots Bought In 6
Low Buy In % 7.69%
Aggregate High Estimate of Low Lots $533000
Total Proceeds from Low Lots $677625
Mid Total Lots 64
Total Mid Lots Sold 50
Total Mid Lots Bought In 14
Mid Buy In % 21.88%
Aggregate High Estimate of Mid Lots $1452000
Total Proceeds from Mid Lots $1348125
Total High Lots 23
Total High Lots Sold 18
Total High Lots Bought In 5
High Buy In % 21.74%
Aggregate High Estimate of High Lots $3415000
Total Proceeds from High Lots $3028000

The top lot by High estimate was tied between lot 12, Alfred Stieglitz, Georgia O’Keeffe, 1919 (image at right, top, via Phillips), and lot 19, Irving Penn, Harlequin Dress (Lisa Fonssagrives-Penn), 1950, both estimated at $300000-500000. The Stieglitz sold for $302500 and the Penn sold for $290500. The top outcome of the sale was lot 28, Diane Arbus, Identical Twins Cathleen and Colleen, Roselle, NJ, 1967, estimated at $180000-220000, sold at $602500 (image at right, top, via Phillips).

92.14% of the lots that sold had proceeds in or above the estimate range. There were a total of 18 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 3, Francesca Woodman, Untitled, Providence, Rhode Island, 1975-1978, estimated at $25000-35000, sold at $86500

Lot 7, Laszlo Moholy-Nagy, Lyon Stadium, 1929. estimated at $90000-120000, sold at $278500

Lot 18, Herb Ritts, Versace Dress, Back View, El Mirage, 1990, estimated at $20000-30000, sold at $68500

Lot 20, Robert Polidori, Galerie Basse, Chateau de Versailles, 1985, estimated at $18000-22000, sold at $45000

Lot 28, Diane Arbus, Identical Twins Cathleen and Colleen, Roselle, NJ, 1967, estimated at $180000-220000, sold at $602500

Lot 29, Angela Strassheim, Untitled (Father & Son), 2004, estimated at $10000-15000, sold at $35000

Lot 137, Pieter Hugo, Abdullahi Mohammed with Mainsara, Ogere-Remo, Nigeria, from Gadawan Kura, The Hyena Men II, 2007, estimated at $10000-15000, sold at $40000

Lot 41, Martine Franck, Children’s Library Built by the Atelier Montrouge, Clamart, France, 1965/later, estimated at $2000-3000, sold at $6875

Lot 45, Lewis Hine, Tenement Product, Chicago, 1907/1920s, estimated at $6000-8000, sold at $52500 (image at right, middle, via Phillips)

Lot 67, Edward Steichen, The Flatiron Evening, 1905, estimated at $5000-7000, sold at $23750

Lot 98, Masao Yamamoto, Selected images from A Box of Ku and Nakazora, 1990-2002, estimated at $6000-8000, sold at $18750

Lot 101, Lynn Davis, Red Pyramid, Dashur, Cairo, Egypt, 1997, estimated at $7000-9000, sold at $20000

Lot 108, Nobuyoshi Araki, Untitled, 1990-2000, estimated at $3000-4000, sold at $11250

Lot 114, Sally Mann, Untitled from Deep South, 1998, estimated at $7000-9000, sold at $26250

Lot 130, Ryan McGinley, Whirlwind, 2003, estimated at $5000-7000, sold at $15000

Lot 140, Mickalene Thomas, Afro Goddess Lover’s Friend, 2006, estimated at $8000-10000, sold at $23750

Lot 158, Alex Prager, Annie, 2007, estimated at $5000-7000, sold at $30000 (image at right, bottom, via Phillips)

Lot 159, Alex Prager, Wendy from Week-End, 2009, estimated at $7000-9000, sold at $21875

Complete lot by lot results can be found here.

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