Auction Results: Into Africa: Photographs by Peter Beard, October 3, 2013 @Christie’s

Christie’s single artist sale of the work of Peter Beard last week in New York proved that the demand for the artist’s work continues to be remarkably deep. The overall Buy-In rate for the 28 lots on offer came in under 15% and the Total Sale Proceeds fell solidly into the middle of the pre-sale estimate range.

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

Summary Statistics
Total Lots 28
Aggregate Pre Sale Low Estimate $973000
Aggregate Pre Sale High Estimate $1452500
Total Lots Sold 24
Total Lots Bought In 4
Buy In % 14.29%
Total Sale Proceeds $1290188

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

Detailed Breakdown
Low Total Lots 5
Total Low Lots Sold 5
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $34500
Total Proceeds from Low Lots $42313
Mid Total Lots 14
Total Mid Lots Sold 13
Total Mid Lots Bought In 1
Mid Buy In % 7.14%
Aggregate High Estimate of Mid Lots $388000
Total Proceeds from Mid Lots $376875
Total High Lots 9
Total High Lots Sold 6
Total High Lots Bought In 3
High Buy In % 33.33%
Aggregate High Estimate of High Lots $1030000
Total Proceeds from High Lots $871000

The top lot by High estimate was lot 19, Peter Beard, Tsavo Tusker on the Athi-Tiva River, 1965, estimated at $200000-300000; it did not sell. The top outcome of the sale was lot 10, Peter Beard, Orphaned Cheetah Cubs, Mweiga, Kenya, 1968/1998, estimated at $150000-250000, sold at $449000.

91.67% of the lots that sold had proceeds in or above the estimate range, and there was only 1 surprise in the sale (defined as having proceeds of at least double the high estimate:

Lot 13, Peter Beard, Camera Work Portfolio, 1960-1987, 1998, estimated at $40000-60000, sold at $137000 (image above, left, via Christie’s)

Complete lot by lot results can be found here.

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