While all of the mid and high priced lots found buyers in the Photo Auction at OstLicht in Vienna last week, the combination of an overall Buy-In rate over 30%, only 42% of lots that sold selling in or above their estimate ranges, and no positive surprises still muted the tally. A vintage Julia Margaret Cameron portrait took the top lot honors, with the Total Sale Proceeds of roughly €525K coming in below the low end of 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 | 209 |
| Aggregate Pre Sale Low Estimate | €638100 |
| Aggregate Pre Sale High Estimate | €823500 |
| Total Lots Sold | 145 |
| Total Lots Bought In | 64 |
| Buy In % | 30.62% |
| Total Sale Proceeds | €526116 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 196 |
| Total Low Lots Sold | 132 |
| Total Low Lots Bought In | 64 |
| Low Buy In % | 32.65% |
| Aggregate High Estimate of Low Lots | €530500 |
| Total Proceeds from Low Lots | €275316 |
| Mid Total Lots | 12 |
| Total Mid Lots Sold | 12 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | €193000 |
| Total Proceeds from Mid Lots | €154800 |
| Total High Lots | 1 |
| Total High Lots Sold | 1 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00% |
| Aggregate High Estimate of High Lots | €100000 |
| Total Proceeds from High Lots | €96000 |
The top lot by High estimate was lot 3, Julia Margaret Cameron, Julia Jackson, 1867, estimated at €80000-100000; it was also the top outcome of the sale at €96000 (image above, via OstLicht).
Just 42.76% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).
Complete lot by lot results can be found here.
