Auction Results: Modern and Contemporary Photographs, November 29, 2017 @Grisebach

Twenty positive surprises were the driving force behind the solid results at the recent Modern and Contemporary Photographs sale at Grisebach in Berlin. While the overall Buy-In rate came in above 35%, the nine highest priced lots all found buyers, and with the extra momentum drawn from the surprises, the Total Sale Proceeds settled firmly into 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 216
Aggregate Pre Sale Low Estimate €661200
Aggregate Pre Sale High Estimate €937400
Total Lots Sold 140
Total Lots Bought In 76
Buy In % 35.19%
Total Sale Proceeds €781624

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

Detailed Breakdown
Low Total Lots 193
Total Low Lots Sold 122
Total Low Lots Bought In 71
Low Buy In % 36.79%
Aggregate High Estimate of Low Lots €493400
Total Proceeds from Low Lots €369374
Mid Total Lots 21
Total Mid Lots Sold 16
Total Mid Lots Bought In 5
Mid Buy In % 23.81%
Aggregate High Estimate of Mid Lots €254000
Total Proceeds from Mid Lots €234750
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 €190000
Total Proceeds from High Lots €177500

The top lot by High estimate was lot 2144, Frank Thiel, „Die Alliierten“ (The Allies), 1994, estimated at €80000-120000 (image in preview post). It was also the top outcome of the sale at €100000.

99.29% of the lots that sold had proceeds in or above the estimate range and there were a total of 20 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Villa Grisebach):

Lot 2005, Alfred Eisenstaedt, Central Park after a Snowstorm, New York, 1959/1990-1995, estimated at €2000-2500, sold at €6000

Lot 2006, Sibyllle Bergemann, New York, 1984, estimated at €1200-1500, sold at €3000

Lot 2068, Albert Renger-Patzsch, „Landschaft bei Bochum“, 1929, estimated at €4500-6500, sold at €13750 (image in preview post)

Lot 2083, Alfred Ehrhardt, Sliding Sand on a Steep Slope, from the series „Kurische Nehrung“, 1934/1937, estimated at €2500-3500, sold at €11875

Lot 2086, Albert Renger-Patzsch, Oak, c1958-1959, estimated at €1200-1500, sold at €3500

Lot 2096, Ellen Auerbach, Big Sur, 1949, estimated at €1000-1200, sold at €3500

Lot 2107, Horst P. Horst, Lisa: Hands with Flask & Flowers, N.Y., 1941/later, estimated at €1500-2000, sold at €6875

Lot 2111, Lotte Jacobi, Claire Bauroff, Dancer, 1928/later, estimated at €800-1200, sold at €3750

Lot 2129, Ludwig Mies van der Rohe, Bank- and Office Building in Stuttgart, Project Design, c1928, estimated at €10000-15000, sold at €41250

Lot 2134, Albert Renger-Patzsch, „Innenansicht der Petrikirche“, 1928, estimated at €1600-1800, sold at €4125

Lot 2138, Will McBride, Wall with white strip, Berlin, 1957/later, estimated at €1100-1300, sold at €3000

Lot 2142, August Sander, Village Schoolteacher, 1942/later by Gunther Sander, estimated at €1800-2400, sold at €5000

Lot 2151, Christer Strömholm, Hiroshima, 1963, estimated at €6000-8000, sold at €17500

Lot 2174, Aenne Biermann, Spielbälle, 1929, estimated at €1500-2000, sold at €8125

Lot 2179, Marta Hoepffner, Feuervogel, 1940, estimated at €800-1000, sold at €6500

Lot 2184, Lotte Jacobi, Polar Bear at the Berlin Zoo, 1930, estimated at €600-800, sold at €2250

Lot 2186, Ralph Gibson, From the series „Déjà-vu“, 1972, estimated at €800-1200, sold at €4000

Lot 2189, František Drtikol, Salomé, 1925, estimated at €500-700, sold at €2500

Lot 2194, Lucien Clergue, From the series „Nu de la Forêt“, c1970, estimated at €800-1200, sold at €2500

Lot 2197, Robert Doisneau, Jean Arp, 1958/1980, estimated at €1200-1800, sold at €4000

Complete lot by lot results can be found here.

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Read more about: Aenne Biermann, Albert Renger-Patzsch, Alfred Ehrhardt, Alfred Eisenstaedt, August Sander, Christer Strömholm, Ellen Auerbach, František Drtikol, Horst P. Horst, Lotte Jacobi, Lucien Clergue, Marta Hoepffner, Ralph Gibson, Robert Doisneau, Sibylle Bergemann, Will McBride, Grisebach

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