Auction Results: Photographie, June 14, 2013 @Van Ham

The outcomes at the photography sale at Van Ham in Cologne last week were generally uneventful. While there were a number of positive surprises, an overall Buy-In rate near 50% and the failure of the two top lots to find buyers dampened the aggregate results. Overall, the Total Sale Proceeds fell meaningfully below the pre-sale estimate. (Van Ham does not provide an estimate range in many cases, just a single estimate number, so this figure is used as the High estimate in our calculations).

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

Summary Statistics
Total Lots 216
Aggregate Pre Sale Low Estimate NA
Aggregate Pre Sale High Estimate €566800
Total Lots Sold 114
Total Lots Bought In 102
Buy In % 47.22%
Total Sale Proceeds €322460

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

Detailed Breakdown
Low Total Lots 201
Total Low Lots Sold 95
Total Low Lots Bought In 106
Low Buy In % 52.74%
Aggregate High Estimate of Low Lots €306800
Total Proceeds from Low Lots €218080
Mid Total Lots 13
Total Mid Lots Sold 7
Total Mid Lots Bought In 6
Mid Buy In % 46.15%
Aggregate High Estimate of Mid Lots €140000
Total Proceeds from Mid Lots €104380
Total High Lots 2
Total High Lots Sold 0
Total High Lots Bought In 2
High Buy In % 100.00%
Aggregate High Estimate of High Lots €120000
Total Proceeds from High Lots €0

The top lot by High estimate was tied between two lots: lot 1111, Christian Boltanski, Jewish School, Große Hamburger Straße, Berlin, 1939, 1993, and lot 1221, Candida Höfer, Teatro Colon, Buenos Aires, 2006, both estimated at €50000-60000; neither lot sold. The top outcome of the sale was lot 1108, Bernd and Hilla Becher, Industriebauten, estimated at €15000-18000, sold at €43750

88.60% of the lots that sold had proceeds in or above the estimate. There were a total of 15 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 1103, David Hockney, Sur le Motif, 1974, estimated at €1000, sold at 2€000 (image at right, middle, via Van Ham)

Lot 1104, Luigi Ghirri, Atelier Giorgio Morandi, 1989/1990, estimated at €3000, sold at €10000 (image at right, top, via Van Ham)

Lot 1108, Bernd and Hilla Becher, Industriebauten, estimated at €15000-18000, sold at €43750

Lot 1122, August Sander, Antlitz der Zeit, 1929, estimated at €1500-2000, sold at €8130

Lot 1137, Lee Friedlander, Baltimore Maryland, 1962, estimated at €2000-3000, sold at €6250

Lot 1140, Jeanloup Sieff, Portrait avec Violette, estimated at €1200, sold at €3000

Lot 1175, Luigi Ghirri, Ferrara, 1979, estimated at €2000, sold at €6250

Lot 1185, Thomas Struth, Paradies, 2004, estimated at €1200, sold at €4380

Lot 1197, Ludwig Windstosser, Schallplatten, 1955, estimated at €1800, sold at €4130

Lot 1271, Claus Goedicke, III-17, 1995, estimated at €300, sold at €750 (image at right, bottom, via Van Ham)

Lot 1286, Felix Bonfils, Album mit Aufnahmen aus Indien, Japan, Vietnam, Israel, Syrien, Libanon, 1880-1900, estimated at €800, sold at €1750

Lot 1295, Siegfried Lauterwasser, Wasser, 1948, estimated at €600, sold at €5380

Lot 1306, Albert Renger-Patzsch, 8 Anischtskarten, 1929, estimated at €800, sold at €2000

Lot 1310, August Sander, Madchenportrait, 1925, estimated at €800-1000, sold at €5000

Lot 1320, Karl Hugo Schmolz, Ohne Titel, 1950s, estimated at €800, sold at €2500

Complete lot by lot results can be found here.

Send this article to a friend

Read more about: Claus Goedicke, David Hockney, Luigi Ghirri, Van Ham Kunstauktionen

One comment

  1. Sophia Calvin /

    View the latest modern british art by leading British artists at the Offer Waterman & Co gallery.

    Offer Waterman & Co.

Leave a comment

Your email address will not be published.

Recent Articles

Photography’s Last Century: The Ann Tenenbaum and Thomas H. Lee Collection @Met

Photography’s Last Century: The Ann Tenenbaum and Thomas H. Lee Collection @Met

JTF (just the facts): A group show consisting of 77 photographic works (some made from multiple prints) and photobooks, made between 1916 and 2018. (Installation shots below.) The works are ... Read on.

Sign up for our weekly email newsletter