Auction Results: Modern, Post War & Contemporary, November 30, 2022 @Van Ham

The photography included in the various modern and contemporary art sales at Van Ham in Cologne last week generally met expectations. The overall Buy-In rate for photography hovered just over 20%, and with the top lot Wolfgang Tillmans abstraction finding a buyer above its estimate range, the Total Sale Proceeds for photography (of roughly €805K) came in near 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 23
Aggregate Pre Sale Low Estimate €647000
Aggregate Pre Sale High Estimate €942000
Total Lots Sold 18
Total Lots Bought In 5
Buy In % 21.74%
Total Sale Proceeds €804936

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

Detailed Breakdown
Low Total Lots 7
Total Low Lots Sold 6
Total Low Lots Bought In 1
Low Buy In % 14.29%
Aggregate High Estimate of Low Lots €54000
Total Proceeds from Low Lots €53856
Mid Total Lots 11
Total Mid Lots Sold 9
Total Mid Lots Bought In 2
Mid Buy In % 18.18%
Aggregate High Estimate of Mid Lots €328000
Total Proceeds from Mid Lots €295680
Total High Lots 5
Total High Lots Sold 3
Total High Lots Bought In 2
High Buy In % 40.00%
Aggregate High Estimate of High Lots €560000
Total Proceeds from High Lots €455400

The top photography lot by High estimate was lot 399, Wolfgang Tillmans, Mental Picture #52, 2000, estimated at €150000-200000; it was also the top photography outcome of the sales was at €356400 (image above via Van Ham.)

100.00% of the lots that sold had proceeds in or above the estimate, and there were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Van Ham):

Lot 168, Gerhard Richter, Kerze, n.d., estimated at €20000-30000, sold at €63360

Lot 399A, Wolfgang Tillmans, paper drop, Oranienplatz, f, 2019, estimated at €12000-18000, sold at €39600

Complete lot by lot results can be found here.

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Read more about: Gerhard Richter, Wolfgang Tillmans, Van Ham Kunstauktionen

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