Auction Results: Modern and Contemporary Photographs, November 30, 2016 @Grisebach

Several of the top lots in Villa Grisebach’s recent Modern and Contemporary Photographs sale in Berlin failed to sell, and these passes proved to be drag on the results. With an Overall Buy-In rate over 46%, even with a handful of positive surprises, the Total Sale Proceeds missed 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 203
Aggregate Pre Sale Low Estimate €578400
Aggregate Pre Sale High Estimate €820300
Total Lots Sold 109
Total Lots Bought In 94
Buy In % 46.31%
Total Sale Proceeds €505999

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

Detailed Breakdown
Low Total Lots 183
Total Low Lots Sold 98
Total Low Lots Bought In 85
Low Buy In % 46.45%
Aggregate High Estimate of Low Lots €453800
Total Proceeds from Low Lots €241624
Mid Total Lots 19
Total Mid Lots Sold 11
Total Mid Lots Bought In 8
Mid Buy In % 42.11%
Aggregate High Estimate of Mid Lots €316500
Total Proceeds from Mid Lots €264375
Total High Lots 1
Total High Lots Sold 0
Total High Lots Bought In 1
High Buy In % 100.00%
Aggregate High Estimate of High Lots €50000
Total Proceeds from High Lots €0

The top lot by High estimate was lot 2028, František Drtikol, Untitled (nude with apples), c1925, estimated at €40000-50000 (image in preview post); it did not sell. The top outcome of the sale was lot 2113, Albert Renger-Patzsch, Das Baumchen, 1929, estimated at €20000-30000, sold at €70000 (image in preview post).

99.08% of the lots that sold had proceeds in or above the estimate range and there were a total of 8 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Villa Grisebach):

Lot 2010, Bleicke Bleicken, Abendlicht II, Sylt., 1950, estimated at €800-1200, sold at €2500

Lot 2038, Andreas Feininger, N.Y. – 3rd ave, 1940s, estimated at €3000-4000, sold at €8000

Lot 2095, Ludwig Mies van der Rohe, Project „Wabe, Friedrichstrasse“. Design for a skyscraper at the Friedrichstraße, 1921. Perspective from the North, final version, 1922, estimated at €10000-20000, sold at €50000

Lot 2113, Albert Renger-Patzsch, Das Baumchen, 1929, estimated at €20000-30000, sold at €70000 (image in preview post)

Lot 2115, Leni Riefenstahl, Der Diskuswerfer, 1936/1998, estimated at €1000-1500, sold at €4000

Lot 2119, Evelyn Richter, Wartburg, 1967/before 1982, estimated at €1200-1500, sold at €4500

Lot 2155, Yva, Untitled (Bathing Suit Jantzen), Berlin, c1932, estimated at €600-800, sold at €1625

Lot 2168, Greg Gorman, Grace Jones in Hat, Los Angeles, 1991/later, estimated at €1800-2200, sold at €6500

Complete lot by lot results can be found here.

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Read more about: Albert Renger-Patzsch, Andreas Feininger, Bleicke Bleicken, Evelyn Richter, Greg Gorman, Leni Riefenstahl, Yva (Else Neuländer-Simon), Grisebach

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