Auction Results: Photographie, November 27, 2015 @Lempertz

The results of the recent photography sale at Kunsthaus Lempertz mixed the good with the bad. On the plus side there were plenty of positive surprises, including a vintage Albert Renger-Patzsch tree image that soared to more than four times its high estimate. On the minus side, the two vintage Diane Arbus prints headlining the sale both failed to find buyers and the overall Buy-In rate was more than 44%. When the dust finally settled, the Total Sale Proceeds fell somewhere in the middle.

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

Summary Statistics
Total Lots 202
Pre Sale Low Total Estimate NA
Pre Sale High Total Estimate €683100
Total Lots Sold 113
Total Lots Bought In 89
Buy In % 44.06%
Total Sale Proceeds €405672

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

Detailed Breakdown
Low Total Lots 192
Low Sold 109
Low Bought In 83
Low Buy In % 43.23%
Total Low Estimate €359100
Total Low Sold €226492
Mid Total Lots 8
Mid Sold 4
Mid Bought In 4
Mid Buy In % 50.00%
Total Mid Estimate €104000
Total Mid Sold €179180
Total High Lots 2
High Sold 0
High Bought In 2
High Buy In % 100.00%
Total High Estimate €220000
Total High Sold €0

The top lot by High estimate was lot 131, Diane Arbus, A widow in her bedroom, NYC, 1963, estimated at €100000-150000; it did not sell. The top outcome of the sale was lot 33, Albert Renger-Patzsch, Das Baumchen, 1929, estimated at €20000-30000, sold at €136400. (image in preview post)

76.11% of the lots that sold had proceeds in or above the estimate range and there were a total of 10 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 18, Max Baur, Blick vom Staatstheater, Berlin, 1930s, estimated at €1000, sold at €2232

Lot 31, Alfred Ehrhardt, Windverwehte Fussstapfen am Steilhang der Düne, Kurische Nehrung, 1936, estimated at €1000, sold at €2728

Lot 33, Albert Renger-Patzsch, Das Baumchen, 1929, estimated at €20000-30000, sold at €136400 (image in preview post)

Lot 39, August Sander, Künstlerportraits (7), 1924-1928/1986, estimated at €1000, sold at €4960

Lot 83, Ludwig Windstosser, Komposition mit Schallplatten, c1955, estimated at €2000, sold at €4712

Lot 91, Chargesheimer, Untitled, 1950s, estimated at €1500-2000, sold at €4464

Lot 92, Chargesheimer, Untitled, 1950s, estimated at €2000-2500, sold at €6200

Lot 137, John Dominis, Steve McQueen aims a pistol in his living room, California, 1963/2015, estimated at €1200, sold at €2852

Lot 143, Joel Meyerowitz, Untitled (from the series: Porch, Provincetown), 1977, estimated at €1500, sold at €4216

Lot 145, Elliott Erwitt, Florida Keys, 1968/1974, estimated at €1000, sold at €2356

Complete lot by lot results can be found here.

Albert Renger-Patzsch, Alfred Ehrhardt, August Sander, Chargesheimer, Elliott Erwitt, Joel Meyerowitz, John Dominis, Ludwig Windstosser, Max Baur, Kunsthaus Lempertz

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