Auction Results: Oeuvres de Pierre et Gilles, May 30, 2011 @Christie’s Paris

While it wasn’t a white glove outcome, the results from Christie’s recent single artist Pierre et Gilles sale in Paris were nonetheless quite strong. The Buy-In rate was under 15%, all of the top lots found buyers, and the Total Sale Proceeds came in above the range.
The summary statistics are below (all results include the buyer’s premium):

Total Lots: 23
Pre Sale Low Total Estimate: 465000€
Pre Sale High Total Estimate: 728000€
Total Lots Sold: 20
Total Lots Bought In: 3
Buy In %: 13.04%
Total Sale Proceeds: 797900€

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

Low Total Lots: 0
Low Sold: NA
Low Bought In: NA
Buy In %: NA
Total Low Estimate: 0€
Total Low Sold: NA

Mid Total Lots: 16
Mid Sold: 13
Mid Bought In: 3
Buy In %: 18.75%
Total Mid Estimate: 373000€
Total Mid Sold: 486100€

High Total Lots: 7
High Sold: 7
High Bought In: 0
Buy In %: 0.00%
Total High Estimate: 355000€
Total High Sold: 311800€

The top lot by High estimate was lot 23, Pierre et Gilles, David et Jonathan – Jean-Yves et Moussa, 2005, at 35000-55000€; it sold for 56200€. The top outcome of the sale was lot 2, Pierre et Gilles, Le petit jardinier – Didier, 1993, at 157000€ (image at right, top, via Christie’s)

100.00% of the lots that sold had proceeds in or above their estimate. There were a total of two surprises in this small sale (defined as having proceeds of at least double the high estimate):

Lot 2, Pierre et Gilles, Le petit jardinier – Didier, 1993, at 157000€ (image at right, top, via Christie’s)
Lot 19, Pierre et Gilles, Sans toi – Ariel, 2006, at 37000€

Complete lot by lot results can be found here.

9 Avenue Matignon
75008 Paris

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