Auction Results: Modern, Post-War & Contemporary, December 1, 2021 @Van Ham

The photography included in the various modern and contemporary art sales at Van Ham in Cologne last week (including a handful of photographic NFTs) performed well. The overall Buy-In rate for photography hovered near 25%, and with the top lot Cindy Sherman print finding a buyer above its estimate range to juice the numbers, the Total Sale Proceeds for photography (of roughly €730K) came in just below the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 35
Aggregate Pre Sale Low Estimate €537000
Aggregate Pre Sale High Estimate €769000
Total Lots Sold 26
Total Lots Bought In 9
Buy In % 25.71
Total Sale Proceeds €736284

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

Detailed Breakdown
Low Total Lots 12
Total Low Lots Sold 10
Total Low Lots Bought In 2
Low Buy In % 16.67%
Aggregate High Estimate of Low Lots €59000
Total Proceeds from Low Lots €79236
Mid Total Lots 19
Total Mid Lots Sold 13
Total Mid Lots Bought In 6
Mid Buy In % 31.58%
Aggregate High Estimate of Mid Lots €310000
Total Proceeds from Mid Lots €247848
Total High Lots 4
Total High Lots Sold 3
Total High Lots Bought In 1
High Buy In % 25.00%
Aggregate High Estimate of High Lots €400000
Total Proceeds from High Lots €409200

The top photography lot by High estimate was lot 315, Cindy Sherman, Untitled#423, 2004, estimated at €160000-22000; it was also the top photography outcome of the sales was at €257400 (image above via Van Ham.)

96.15% of the lots that sold had proceeds in or above the estimate. There were a total of 3 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Van Ham):

Lot 12, Albert Renger-Patzsch, Anwesen am Ruhrschnellweg bei Wattenscheid, 1931, estimated at €2500-3500, sold at €7260

Lot 108, John Baldessari, Brain Cloud (With Seascape and Palm Tree), 2009, estimated at €4000-6000, sold at €15840

Lot 113, Astrid Lowack, Sunny Mind, 2019, estimated at €3000-4000, sold at €11157

Complete lot by lot results can be found here.

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Read more about: Albert Renger-Patzsch, Astrid Lowack, Cindy Sherman, John Baldessari, Van Ham Kunstauktionen

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