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.
