Auction Results: OstLicht Photo Auction Autumn 2022, November 19, 2022 @OstLicht

With just 40% of the lots that sold selling at or above their estimate ranges at the Autumn Photo Auction at OstLicht in Vienna last week, even with an overall Buy-In rate under 26%, there was too much pressure on prices to generate much momentum. While a handful of positive surprises helped offset the numbers a bit, and the middle price tier sold through well, when the dust settled, the Total Sale Proceeds came in at roughly €580K, below the aggregate pre-sale estimate range.

The summary statistics are below (all results include the 20% non-EU buyer’s premium):

Summary Statistics
Total Lots 231
Aggregate Pre Sale Low Estimate €656400
Aggregate Pre Sale High Estimate €783600
Total Lots Sold 171
Total Lots Bought In 60
Buy In % 25.97%
Total Sale Proceeds €580140

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

Detailed Breakdown
Low Total Lots 221
Total Low Lots Sold 161
Total Low Lots Bought In 60
Low Buy In % 27.15%
Aggregate High Estimate of Low Lots €580600
Total Proceeds from Low Lots €388140
Mid Total Lots 10
Total Mid Lots Sold 10
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots €203000
Total Proceeds from Mid Lots €192000
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots €0
Total Proceeds from High Lots €0

The top lot by High estimate was lot 7, Wilhelm von Gloeden, Cain, Taormina, Italy, c1902/1913, estimated at €30000-35000; it sold at €22800, but was not the top outcome of the sale. That honor went to lot 34, Rudolph Koppitz, Bewegungsstudie (Movement Study), c1930, estimated at €20000-24000, sold at €54000 (image above, via OstLicht).

Only 38.19% of the lots that sold had proceeds in or above the estimate range and there were a total of 6 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via OstLicht):

Lot 28, André Kertész, Tisza Szalka (Feeding the Ducks in the Late Afternoon), 1924/1980, estimated at €1400-1600, sold at €6000

Lot 34, Rudolf Koppitz, Bewegungsstudie (Movement Study), c1930, estimated at €20000-24000, sold at €54000

Lot 39, Steffi Brandl, Portrait of a Woman, Vienna, Austria, c1924, estimated at €1400-1600, sold at €4560

Lot 128, Hans Truöl, Skier Crossing Grossglockner-Hochalpenstrasse, Arlberg, Austria, 1959, estimated at €600-800, sold at €1920

Lot 174, Philip Jones Griffiths, Yankee Station in the South China Sea, Vietnam War, 1971, estimated at €2000-2400, sold at €5400

Lot 230, Andrei Liankevich, Untitled (Wild Boar) from the series Fake Animals, 2011, estimated at €1000-1200, sold at €2880

Complete lot by lot results can be found here.

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Read more about: André Kertész, Andrei Liankevich, Hans Truöl, Philip Jones Griffiths, Rudolf Koppitz, Steffi Brandl, OstLicht Photo Auction

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