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.

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

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