Auction Results: Modern and Contemporary Photographs, May 31, 2017 @Grisebach

Plenty of low priced positive surprises helped the results from Villa Grisebach’s recent Modern and Contemporary Photographs sale in Berlin find their way to respectability. While the top lot Renger-Patzsch print did sell, there was wider weakness in the middle price tier. But the 17 positive surprises gave the sale an extra boost, pushing the Total Sale Proceeds just over 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 209
Aggregate Pre Sale Low Estimate €524000
Aggregate Pre Sale High Estimate €726000
Total Lots Sold 139
Total Lots Bought In 70
Buy In % 33.49%
Total Sale Proceeds €529612

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

Detailed Breakdown
Low Total Lots 187
Total Low Lots Sold 127
Total Low Lots Bought In 60
Low Buy In % 32.09%
Aggregate High Estimate of Low Lots €385000
Total Proceeds from Low Lots €304612
Mid Total Lots 21
Total Mid Lots Sold 11
Total Mid Lots Bought In 10
Mid Buy In % 47.62%
Aggregate High Estimate of Mid Lots €281000
Total Proceeds from Mid Lots €175000
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots €60000
Total Proceeds from High Lots €50000

The top lot by High estimate was lot 2091, Albert Renger-Patzsch, „Das Bäumchen“ (The Young Tree), 1929, estimated at €40000-60000 (image in preview post). It was also the top outcome of the sale at €50000.

99.28% of the lots that sold had proceeds in or above the estimate range and there were a total of 17 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Villa Grisebach):

Lot 2002, Manuel Álvarez Bravo, El Soñador, 1931/before 1971, estimated at €1000-1500, sold at €3125

Lot 2008, Aenne Biermann, Einblick in ein Klavier, c1927/1928, estimated at €3000-4000, sold at €15000

Lot 2009, Bleicke Bleicken, House in the Dunes, Kampen, Sylt, c1950/2010, estimated at €800-1200, sold at €2500

Lot 2010, Bleicke Bleicken, Relics with Shadows, Sylt, 1954/2010, estimated at €800-1200, sold at €3250

Lot 2025, Alfred Ehrhardt, Bird’s eye view across the tidelands, 1934/1936, estimated at €1400-1600, sold at €3500

Lot 2028, Alfred Eisenstaedt, Headwaiter René Breguet brings aperitifs to English guests at the skating rink of the Grand Hotel, Saint-Moritz, 1932/later, estimated at €2000-2500, sold at €5625

Lot 2037, Trude Fleischmann, Akt-Studie, c1925, estimated at €600-800, sold at €2250

Lot 2048, Florence Henri, Window in Paris, 1929/1974, estimated at €700-900, sold at €3000

Lot 2065, Russell Lee, Negro mother teaching children numbers and alphabet in home of sharecropper, Transsylvania, Louisiana, 1939/later, estimated at €400-600, sold at €1625

Lot 2072, Eli Lotar, Chemins de fer, c1927/1932, estimated at €700-900, sold at €2250

Lot 2095, Heinrich Riebesehl, Schillerslage (Hannover), Oktober 1978, 1978/2002, estimated at €1000-1500, sold at €5625

Lot 2106, Toni Schneiders, Ein Mann allein, 1951/1970, estimated at €1000-1500, sold at €4000

Lot 2107, Wilhelm Schürmann, Aachen, 1977, estimated at €700-900, sold at €3250

Lot 2122, Josef Sudek, Palm in Prague Castle Garden, 1942, estimated at €700-900, sold at €2000

Lot 2144, Christian Diener, Bernauer Straße, 1963/later, estimated at €500-700, sold at €1625

Lot 2181, Daniel Josefson, Dear Helmut, dear George …, 2008/2016, estimated at €700-900, sold at €4250

Lot 2188, Paul Maurer, New York, October, 1995, estimated at €600-800, sold at €1625

Complete lot by lot results can be found here.

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Read more about: Aenne Biermann, Alfred Ehrhardt, Alfred Eisenstaedt, Bleicke Bleicken, Christian Diener, Daniel Josefson, Eli Lotar, Florence Henri, Heinrich Riebesehl, Josef Sudek, Manuel Álvarez Bravo, Paul Maurer, Russell Lee, Toni Schneiders, Trude Fleischmann, Wilhelm Schürmann, Villa Grisebach Auktionen

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