Auction Results: Magnificent Nudes: Iconic Photographs from Distinguished Private Collections (online), July 16, 2020 @Sotheby’s Paris

An overall Buy-In rate of nearly 50% dampened the results of Sotheby’s recent Magnificent Nudes online sale in Paris. While prints by Bill Brandt and André Kertész faltered in particular, the lack of enthusiasm was widespread. A few positive surprises helped matters, but the Total Sale Proceeds (of roughly €320K) came in below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 52
Aggregate Pre Sale Low Estimate €350500
Aggregate Pre Sale High Estimate €524500
Total Lots Sold 27
Total Lots Bought In 25
Buy In % 48.08%
Total Sale Proceeds €319875

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 30
Total Low Lots Sold 17
Total Low Lots Bought In 13
Low Buy In % 43.33%
Aggregate High Estimate of Low Lots €158500
Total Proceeds from Low Lots €113000
Mid Total Lots 20
Total Mid Lots Sold 8
Total Mid Lots Bought In 12
Mid Buy In % 60.00%
Aggregate High Estimate of Mid Lots €261000
Total Proceeds from Mid Lots €113125
Total High Lots 2
Total High Lots Sold 2
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots €105000
Total Proceeds from High Lots €93750

The top lot by High estimate was lot 10, Helmut Newton, The Arielle Portfolio I-X, Montecarlo, 1982, estimated at €35000-55000; it was also the top outcome of the sale at €50000 (image above, via Sotheby’s).

96.30% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Sotheby’s):

Lot 13, Robert Mapplethorpe, Sonia Resika, 1988/1989, estimated at €4000-6000, sold at €13750

Lot 22, Helmut Newton, Couple Reflected in Mirror, 1989, estimated at €6000-8000, sold at €21250

Lot 47, Bert Stern, Marilyn Nude on the Bed (from The Last Sitting for Vogue), 1962/2013, estimated at €3000-5000, sold at €10625

Lot 50, Michel Comte, Carla Bruni (Safe Sex Campaign), 1993, estimated at €2000-3000, sold at €7500

Complete lot by lot results can be found here.

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Read more about: Bert Stern, Helmut Newton, Michel Comte, Robert Mapplethorpe, Sotheby's

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