Auction Results: Modern | Post War | Contemporary Day Sale, November 30, 2023 @Van Ham

The photography included in the various modern and contemporary art sales at Van Ham in Cologne last week generally met expectations. Both top photo lots found buyers above their estimate ranges, and although the overall Buy-In rate for photography came in at 40%, the Total Sale Proceeds for photography (of roughly €425K) still 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 20
Aggregate Pre Sale Low Estimate €365000
Aggregate Pre Sale High Estimate €557000
Total Lots Sold 12
Total Lots Bought In 8
Buy In % 40.00%
Total Sale Proceeds €426169

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

Detailed Breakdown
Low Total Lots 4
Total Low Lots Sold 0
Total Low Lots Bought In 4
Low Buy In % 100.00%
Aggregate High Estimate of Low Lots €34000
Total Proceeds from Low Lots €0
Mid Total Lots 14
Total Mid Lots Sold 10
Total Mid Lots Bought In 4
Mid Buy In % 28.57%
Aggregate High Estimate of Mid Lots €403000
Total Proceeds from Mid Lots €295757
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 €120000
Total Proceeds from High Lots €130412

The top photography lot by High estimate was tied between two lots, both estimated at €40000-60000: lot 524, Gerhard Richter, 07.07.1992, 1992, and lot 548, Gilbert & George, Sex & Money, 2011. The Richter print sold at €69960, tying for the top lot honors with lot 174, Man Ray, Lee Miller, c1930, estimated at €20000-30000, sold at €69960 (images above, via Van Ham); the Gilbert & George work sold at €60542.

100.00% of the lots that sold had proceeds in or above the estimate, and there was just 1 positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Van Ham):

Lot 174, Man Ray, Lee Miller, c1930, estimated at €20000-30000, sold at €69960

Complete lot by lot results can be found here.

Send this article to a friend

Read more about: Gerhard Richter, Man Ray, Van Ham Kunstauktionen

Leave a comment

Your email address will not be published.

Recent Articles

Yoshi Kametani, I’ll Be Late

Yoshi Kametani, I’ll Be Late

JTF (just the facts): Published in 2024 by Void Publishing (here). Open spine softcover (16,8 x 24 cm), 168 pages, with 106 color photographs. In an edition of 350 copies. ... Read on.

Sign up for our weekly email newsletter