Led by the successful sale of Hiroshi Sugimoto’s wax museum images, Christie’s contemporary photography sale during Paris Photo generally met expectations. The Buy-In rate hovered near 25%, there were a few positive surprises, and the Total Sale Proceeds fell squarely in the middle of the pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 61 |
| Aggregate Pre Sale Low Estimate | €971000 |
| Aggregate Pre Sale High Estimate | €1428000 |
| Total Lots Sold | 45 |
| Total Lots Bought In | 16 |
| Buy In % | 26.23% |
| Total Sale Proceeds | €1163475 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 23 |
| Total Low Lots Sold | 20 |
| Total Low Lots Bought In | 3 |
| Low Buy In % | 13.04% |
| Aggregate High Estimate of Low Lots | €131000 |
| Total Proceeds from Low Lots | €132625 |
| Mid Total Lots | 34 |
| Total Mid Lots Sold | 22 |
| Total Mid Lots Bought In | 12 |
| Mid Buy In % | 35.29% |
| Aggregate High Estimate of Mid Lots | €547000 |
| Total Proceeds from Mid Lots | €428750 |
| Total High Lots | 4 |
| Total High Lots Sold | 3 |
| Total High Lots Bought In | 1 |
| High Buy In % | 25.00% |
| Aggregate High Estimate of High Lots | €750000 |
| Total Proceeds from High Lots | €602100 |
The top lot by High estimate was lot 419, Hiroshi Sugimoto, Portraits, 1999, estimated at €400000-600000; it was also the top outcome of the sale at €481500.
84.44% of the lots that sold had proceeds in or above the estimate range and there were a total of 6 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 404, Gabriel Orozco, En la fabrica de algodon, 1993, estimated at €5000-7000, sold at €15000
Lot 407, Claire Adelfang, Alveole, 2013, estimated at €4000-6000, sold at €13750
Lot 415, Nobuyoshi Araki, Sans titre, serie bondage, 1998, estimated at €2000-3000, sold at €8125 (image above, right, via Christie’s)
Lot 433, Tomoko Sawada, Recruit, 2006, estimated at €8000-12000, sold at €27500 (image above, left, via Christie’s)
Lot 436, Robert Polidori, Green Car, 1997, estimated at €15000-20000, sold at €55500 (image above, middle, via Christie’s)
Lot 437, Robert Polidori, Premiere antichambre de Madame Victoire Corps Central – R. d. C., Chateau de Versailles, 2009, estimated at €15000-20000, sold at €49500
Complete lot by lot results can be found here.
The Tomoko Sawada print (Lot 433) entitled “Recruit, 2006” appears to be erroneously represented by a photograph from her ID400 series. I’d be interested to know which photograph was actually sold, ID400 or Recruit?