Auction Results: Modern and Contemporary Photographs, November 25, 2015 @Villa Grisebach

While the headliner Moholy-Nagy photogram failed to find a buyer, the rest of the lots in the recent photography sale at Villa Grisebach worked hard to pick up the slack. A total of 14 positive surprises offset an overall Buy-In rate at roughly 33%, bringing the Total Sale Proceeds in near the low-end of the pre-sale estimate range, despite the missing revenue of the top lot.

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

Summary Statistics
Total Lots 212
Aggregate Pre Sale Low Estimate €694050
Aggregate Pre Sale High Estimate €997350
Total Lots Sold 141
Total Lots Bought In 71
Buy In % 33.49%
Total Sale Proceeds €620123

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

Detailed Breakdown
Low Total Lots 186
Total Low Lots Sold 126
Total Low Lots Bought In 60
Low Buy In % 32.26%
Aggregate High Estimate of Low Lots €510350
Total Proceeds from Low Lots €380123
Mid Total Lots 24
Total Mid Lots Sold 14
Total Mid Lots Bought In 10
Mid Buy In % 41.67%
Aggregate High Estimate of Mid Lots €322000
Total Proceeds from Mid Lots €196250
Total High Lots 2
Total High Lots Sold 1
Total High Lots Bought In 1
High Buy In % 50.00%
Aggregate High Estimate of High Lots €165000
Total Proceeds from High Lots €43750

The top lot by High estimate is lot 2094, László Moholy-Nagy, Untitled (positive photogram), Dessau, 1925, estimated at €80000-120000; it did not sell. The top outcome of the sale was lot 2008, Hans Bellmer, La Poupee, 1936, estimated at €35000-45000, sold at €43750. (image in preview post)

96.45% of the lots that sold had proceeds in or above the estimate range and there were a total of 14 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Villa Grisebach):

Lot 2004, Ellen Auerbach, Sulphur Bath, California, 1949/1992, estimated at €1500-2500, sold at €6750

Lot 2017, Karl Blossfeldt, Portfolio: Wundergarten der Natur. Neue Bilddokumente schöner Pflanzenformen. Neue Folge Urformen der Kunst (1st Edition), 1932, estimated at €1000-1200, sold at €3250

Lot 2021, Brassaï, Fille de Joie, Quartier Italie, Paris, 1932/later, estimated at €700-900, sold at €3750

Lot 2039, Elliott Erwitt, California, 1955/later, estimated at €1200-1800, sold at €4250

Lot 2066, Pierre Jahan, Aimable Pendu, 1943, estimated at €800-1200, sold at €6875

Lot 2079, Siegfried Lauterwasser, Schwingende Grauflächen (shadows cast by hung laundry onto snow), 1950, estimated at €600-800, sold at €3750

Lot 2101, Gabriele and Helmut Nothhelfer, Vater und Sohn auf der Industrieausstellung, Berlin, 1974/later, estimated at €1500-2000, sold at €4000

Lot 2115, Albert Renger-Patzsch, Brockenurwald, 1927, estimated at €1500-1800, sold at €4375

Lot 2116, Albert Renger-Patzsch, Kopfweiden/Niederrhein, 1929, estimated at €1500-1800, sold at €8750

Lot 2125, Jaroslav Rössler, Kytička (bouquet of flowers), c1960, estimated at €500-700, sold at €1625

Lot 2127, Jaroslav Rössler, Still Life Experiment, Prague, 1962, estimated at €500-700, sold at €1625

Lot 2129, Werner Rohde, Self portrait as a clown, 1928, estimated at €700-900, sold at €22500

Lot 2175, Götz Diergarten, “De Haan I“ (Picture #1, #2 and #3), 2003/2004, estimated at €1800-2200, sold at €4625

Lot 2187, Till Leeser, WTC, New York, 1998/2014, estimated at €300-500, sold at €1875

Complete lot by lot results can be found here.

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Read more about: Albert Renger-Patzsch, Brassaï (Gyula Halász), Ellen Auerbach, Elliott Erwitt, Gabriele and Helmut Nothhelfer, Götz Diergarten, Jaroslav Rössler, Karl Blossfeldt, Pierre Jahan, Siegfried Lauterwasser, Till Leeser, Werner Rohde, Grisebach

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