Auction Results: Photographie, December 2, 2020 @Grisebach

The results from the Photographie sale at Grisebach in Berlin earlier this week were largely uneventful. The overall Buy-In was exactly 40%, so even with a dozen positive surprises to add to the momentum, the Total Sale Proceeds (of roughly €475K) came in below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 175
Aggregate Pre Sale Low Estimate €552300
Aggregate Pre Sale High Estimate €777000
Total Lots Sold 105
Total Lots Bought In 70
Buy In % 40.00%
Total Sale Proceeds €477437

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

Detailed Breakdown
Low Total Lots 153
Total Low Lots Sold 94
Total Low Lots Bought In 59
Low Buy In % 38.56%
Aggregate High Estimate of Low Lots €465400
Total Proceeds from Low Lots €301812
Mid Total Lots 22
Total Mid Lots Sold 11
Total Mid Lots Bought In 11
Mid Buy In % 50.00%
Aggregate High Estimate of Mid Lots €311000
Total Proceeds from Mid Lots €175625
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 tied between three lots, each estimated at €20000-30000 or €25000-30000: lot 2077, Unknown, Autumn Mood, 1900/1910, lot 2099, Helmut Newton, Parlor Games, Munich, 1991, and lot 2141, Mitch Epstein, Flag, 2000. The top outcome of the sale was the print from unknown photographer, sold at €50000 (image above, via Grisebach). The Newton print went unsold, while the Epstein print fetched €31250.

99.05% of the lots that sold had proceeds in or above the estimate range and there were a total of 12 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Grisebach):

Lot 2008, David Hockney, Pretty Tulips, February, 1970/1976, estimated at €1200-1600, sold at €4375

Lot 2027, Victor Guidalevitch, ”Relief”, c1935, estimated at €700-900, sold at €2500

Lot 2028, Victor Guidalevitch, Coupes de Bois, c1933, estimated at €700-900, sold at €3750

Lot 2029, Peter Keetman, ”Rohre”, 1958, estimated at €3000-4000, sold at €9375

Lot 2041, Jitka Hanzlová, From the series ”Rokytník”, 1991, estimated at €800-1200, sold at €2500

Lot 2045, Joel Sternfeld, ”After The Flash Flood, Rancho Mirage, California, July”, 1979/1989, estimated at €1500-2000, sold at €4750

Lot 2054, Hein Gorny, Tideland, 1930s, estimated at €800-1200, sold at €5000

Lot 2068, David Hockney, Tennis Court, Berkeley, November, 1971/1976, estimated at €1200-1600, sold at €3750

Lot 2117, Otto Steinert, ”Zwei Masken”, 1949, estimated at €1500-2000, sold at €4375

Lot 2144, Robert Lebeck, ”Jackie Kennedy und ihre Schwester Lee Radziwill am Sarg von Bob Kennedy, New York”, 1968/later, estimated at €800-1200, sold at €2875

Lot 2164, Will McBride, ”John F. Kennedy, Willy Brandt, Konrad Adenauer vorm Brandenburger Tor, Berlin”, 1963/later, estimated at €1000-1500, sold at €3750

Lot 2166, Barbara Klemm, ”Öffnung des Brandenburger Tors, Berlin 22. Dezember”, 19689/later, estimated at €1200-1800, sold at €4000

Complete lot by lot results can be found here.

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Read more about: Barbara Klemm, David Hockney, Hein Gorny, Jitka Hanzlová, Joel Sternfeld, Otto Steinert, Peter Keetman, Victor Guidalevitch, Will McBride, Grisebach

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