The results of Swann’s various owner photographs and photobooks sale last week were generally soft, with an overall Buy-In rate over 37% and Total Sale Proceeds that missed the estimate range by a wide margin. As has become commonplace at Swann, a high percentage of lots (in this case, just over 32%) that did sell found buyers below the low estimate. While the material at Swann is always eclectic, I think there just wasn’t enough firepower of offer here to really attract buyers at the end of the season.

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

Total Lots: 364

Pre Sale Low Total Estimate: $1206100
Pre Sale High Total Estimate: $1744700

Total Lots Sold: 228

Total Lots Bought In: 136

Buy In %: 37.36%

Total Sale Proceeds: $854877

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

Low Total Lots: 336

Low Sold: 215
Low Bought In: 121

Buy In %: 36.01%

Total Low Estimate: $1193700

Total Low Sold: $638682

Mid Total Lots: 28

Mid Sold: 13

Mid Bought In: 15

Buy In %: 53.57%

Total Mid Estimate: $551000

Total Mid Sold: $216195

High Total Lots: 0

High Sold: NA

High Bought In: NA

Buy In %: NA

Total High Estimate: $0

Total High Sold: NA

The top lot by High estimate was lot 145, Brett Weston, Twenty Photographs 1970-1977, 1978, at $30000-45000; it was also the top outcome of the sale at $33600.

Only 67.54% of the lots that sold had proceeds in or above the estimate range, and there were a total of 9 surprises in this sale (defined as having proceeds of at least double the high estimate):

Lot 29, W.D. Smithers, Pair of period lamps, 1950s, at $1800

Lot 31, N. Caple & Co, British Columbia Indians, 1894-1896, at $3120

Lot 41, Man Ray, Serge Lifor in Romeo and Juliet, 1926, at $16800 9image at right, bottom, via Swann)

Lot 71, Edward Steichen, Gloria Swanson, New York, for Vanity Fair, 1924/1960s-1971, at $26400 (image at right, middle, via Swann)

Lot 156, X-rays, Group of 18 photographs, 1896, at $6960

Lot 179, Yevgeny Khaldei, Raising the Soviet Flag over the Reichstag, Berlin, 1945/1990s, at $5280 (image at right, top, via Swann)

Lot 300, Walker Evans, Many Are Called, 1966, at $1200

Lot 319, Robert Capa, Death in the Making, 1938, at $3360

Lot 347, Eliot Porter, All Under Heaven: The Chinese World, 1983, at $2280

Complete lot by lot results can be found linked from here.

Swann Galleries

104 East 25th Street

New York, NY 10010