Auction Results: Modern and Contemporary Photographs, May 30, 2018 @Grisebach

A Moholy-Nagy photogram was the top outcome at the recent Modern and Contemporary Photographs sale at Grisebach in Berlin, becoming the highest priced photograph (€487500) ever sold at auction in Germany. 16 positive surprises buoyed the rest of the sale, and while the overall Buy-In rate came in over 39%, the Total Sale Proceeds found their way to the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 210
Pre Sale Low Total Estimate €988800
Pre Sale High Total Estimate €1464500
Total Lots Sold 128
Total Lots Bought In 82
Buy In % 39.05%
Total Sale Proceeds €1199999

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

Detailed Breakdown
Low Total Lots 184
Low Sold 112
Low Bought In 72
Low Buy In % 39.13%
Total Low Estimate €489500
Total Low Sold €394999
Mid Total Lots 22
Mid Sold 12
Mid Bought In 10
Mid Buy In % 45.45%
Total Mid Estimate €305000
Total Mid Sold €157500
Total High Lots 4
High Sold 4
High Bought In 0
High Buy In % 0.00%
Total High Estimate €670000
Total High Sold €647500

The top lot by High estimate was lot 2062, László Moholy-Nagy, Untitled, Weimar, 1923/1925, estimated at €300000-500000. It was also the top outcome of the sale at €487500 (image above, via Grisebach).

97.66% of the lots that sold had proceeds in or above the estimate range and there were a total of 16 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Grisebach):

Lot 2008, Elliott Erwitt, „Rio de Janeiro“, 1984, estimated at €3500-4500, sold at €9375

Lot 2013, Bleike Bleiken, Stairs, Kampen (Sylt), 1950/2010, estimated at €800-1200, sold at €2625

Lot 2018, Alfred Ehrhardt, Klarer Wellenbau, aus der Serie „Das Watt“, 1933/1937, estimated at €2500-3500, sold at €11250

Lot 2029, Miroslav Tichý, Untitled, 1970s/1980s, estimated at €2500-3500, sold at €7750

Lot 2032, Bettina Rheims, Emika, feeling like a new woman, 2014, estimated at €1000-1500, sold at €4750

Lot 2095, Wolf Strache, „Berlin: Shell-Haus“, 1935/later, estimated at €900-1300, sold at €4250

Lot 2108, Karl Hugo Schmölz, Cinema Atlantis on Weseler Str., Duisburg., 1955, estimated at €400-600, sold at €4000

Lot 2115, Albert Renger-Patzsch, Winter Day on the lake near Körbecke, 1946/1950s, estimated at €3000-4000, sold at €12500

Lot 2116, Albert Renger-Patzsch, Gas and Power, 1932, estimated at €5000-7000, sold at €42500

Lot 2118, Bernd and Hilla Becher, Gas Tank/Pit Hannover, Bochum-Hordel, Ruhr district, 1965/1974, estimated at €4000-6000, sold at €12500

Lot 2119, Piet Zwart, Stofzuigerslang (vacuum-cleaner tube), 1930, estimated at €500-700, sold at €1625

Lot 2150, Alexander Rodchenko, Pioneer Girl, 1930, estimated at €3000-5000, sold at €26250

Lot 2153, Dmitry Georgiyevich Debabov, Magnitogorsk, 1936, estimated at €1200-1800, sold at €3750

Lot 2156, Thomas Lüttge, „Vier auf der Mauer“, Berlin, Brandenburg Gate, 1989/2015, estimated at €500-700, sold at €1625

Lot 2159, Thomas Lüttge, „Klar im Geschmack“, Western Berlin, 1983/2016, estimated at €500-700, sold at €1500

Lot 2161, Thomas Sandberg, „Kind in Boizenburg, Deutschland“, 1980, estimated at €800-1000, sold at €3375

Complete lot by lot results can be found here.

Albert Renger-Patzsch, Aleksandr Rodchenko, Alfred Ehrhardt, Bernd and Hilla Becher, Bettina Rheims, Bleicke Bleicken, Dmitry Georgiyevich Debabov, Elliott Erwitt, Karl Hugo Schmölz, László Moholy-Nagy, Miroslav Tichý, Piet Zwart, Thomas Lüttge, Thomas Sandberg, Wolf Strache, Villa Grisebach Auktionen

Leave a comment

Your email address will not be published.

Recent Articles

Marie Tomanova, Young American

Marie Tomanova, Young American

JTF (just the facts): Published in March 2019 by Paradigm Publishing (here). Softcover, 144 pages, with 64 color photographs. Includes texts by Ryan McGinley and Thomas Beachdel. In an edition of 350 ... Read on.

Sign up for our weekly email newsletter