Auction Results: Photographic Masterworks by William Eggleston Sold to Benefit the Eggleston Artistic Trust, March 12, 2012 @Christie’s

As expected, the results of the Eggleston sale last night at Christie’s were tremendously positive. It was a white glove sale (all the lots found buyers), and the Total Sale Proceeds topped the high end of the estimate range by more than $2.5M.

The summary statistics are below (all results include the buyer’s premium):

Summary Statistics
Total Lots 36
Aggregate Pre Sale Low Estimate $2230000
Aggregate Pre Sale High Estimate $3350000
Total Lots Sold 36
Total Lots Bought In 0
Buy In % 0.00%
Total Sale Proceeds $5903250

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

Detailed Breakdown
Low Total Lots 0
Total Low Lots Sold NA
Total Low Lots Bought In NA
Low Buy In % NA
Aggregate High Estimate of Low Lots $0
Total Proceeds from Low Lots NA
Mid Total Lots 7
Total Mid Lots Sold 7
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots $350000
Total Proceeds from Mid Lots $367750
Total High Lots 29
Total High Lots Sold 29
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $3000000
Total Proceeds from High Lots $5535500

The top photography lot by High estimate was lot 24, William Eggleston, Untitled, 1970, at $200000-300000. (This is the tricycle.) It was also the top outcome of the sale at $578500, apparently a new record for a single Eggleston image.

97.22% of the lots that sold had proceeds in or above the estimate range. There were 6 lots that had proceeds of at least double the high estimate, and 2 more which had proceeds of at least triple the high estimate (the drink on the airplane tray table and the blue convertible on the cover of the catalogue).

Complete lot by lot results can be found here.

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