Auction Results: OstLicht Photo Auction Spring 2022, June 15, 2022 @OstLicht

With just 20% of the lots that sold selling at or above their estimate ranges at the Spring Photo Auction at OstLicht in Vienna last week, even with an overall Buy-In rate under 30%, there was too much pressure on prices to generate a notable outcome. While a few positive surprises helped offset the downward push a bit, and the middle price tier sold through well, when the dust settled, the Total Sale Proceeds came in at roughly €550K, 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 208
Aggregate Pre Sale Low Estimate €670200
Aggregate Pre Sale High Estimate €798800
Total Lots Sold 147
Total Lots Bought In 61
Buy In % 29.33%
Total Sale Proceeds €558420

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

Detailed Breakdown
Low Total Lots 191
Total Low Lots Sold 131
Total Low Lots Bought In 60
Low Buy In % 31.41%
Aggregate High Estimate of Low Lots €533800
Total Proceeds from Low Lots €298020
Mid Total Lots 17
Total Mid Lots Sold 16
Total Mid Lots Bought In 1
Mid Buy In % 5.88%
Aggregate High Estimate of Mid Lots €265000
Total Proceeds from Mid Lots €260400
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 135, Rudolf Schwarzkogler, 3rd Action, Vienna, May 1965, 1965/1973, estimated at €24000-28000; it sold at €22800, but was not the top outcome of the sale. That honor went to lot 15, Anton Giulio Bragaglia, The Cellist, 1913, estimated at €14000-18000, sold at €66000 (image above, via OstLicht).

Only 20.41% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via OstLicht):

Lot 15, Anton Giulio Bragaglia, The Cellist, 1913, estimated at €14000-18000, sold at €66000

Lot 30, Trude Fleischmann, The dancer Claire Bauroff, Vienna, c1930, estimated at €1600-1800, sold at €3840

Lot 94, Robert Capa, Collaborator, Chartres, August 16, 1944, 1944/1970s, estimated at €2200-2600, sold at €5400

Lot 102, Philippe Halsman,‘Dali Atomicus’, New York 1948, 1948/later, estimated at €3000-3600, sold at €14400

Complete lot by lot results can be found here.

Send this article to a friend

Read more about: Anton Giulio Bragaglia, Philippe Halsman, Robert Capa, Trude Fleischmann, OstLicht Photo Auction

Leave a comment

Your email address will not be published.

Recent Articles

Alex Prager, Part Two: Run @Lehmann Maupin

Alex Prager, Part Two: Run @Lehmann Maupin

JTF (just the facts): A total of 6 color photographs, framed in white and unmatted, and hung against white walls in the basement gallery space and on the second floor. ... Read on.

Sign up for our weekly email newsletter