An overall Buy-In rate over 44% muted the results of the recent photography sale at Ader in Paris. The top lot Bernd & Hilla Becher typology failed to find a buyer, so the top outcome honors dropped to a 19th century view by André Giroux. Most of the positive surprises that did occur were at lower price points, so when the tally was done, the Total Sale Proceeds (of roughly €415K) fell 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 | 318 |
| Aggregate Pre Sale Low Estimate | €453150 |
| Aggregate Pre Sale High Estimate | €646400 |
| Total Lots Sold | 178 |
| Total Lots Bought In | 140 |
| Buy In % | 44.03% |
| Total Sale Proceeds | €416455 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 313 |
| Total Low Lots Sold | 177 |
| Total Low Lots Bought In | 136 |
| Low Buy In % | 43.45% |
| Aggregate High Estimate of Low Lots | €534400 |
| Total Proceeds from Low Lots | €404755 |
| Mid Total Lots | 5 |
| Total Mid Lots Sold | 1 |
| Total Mid Lots Bought In | 4 |
| Mid Buy In % | 80.00% |
| Aggregate High Estimate of Mid Lots | €112000 |
| Total Proceeds from Mid Lots | €11700 |
| 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 lot 154, Bernd & Hilla Becher, Coal Breaker Moffat Colliery, Scranton, Pennsylvania (8 prints), 1975, estimated at €30000-40000; it did not sell. The top outcome of the sale was lot 11, André Giroux, Riverside at the foot of a mountain, c1855, estimated at €2000-3000, sold at €14300 (image above, via Ader).
97.19% of the lots that sold had proceeds in or above the estimate range and there were a total of 18 positive surprises with proceeds above €2000 in the sale (defined as having proceeds of at least double the high estimate)(images above, via Ader):
Lot 3, Unidentified daguerreotypist, Man with hookah and child, c1850, estimated at €400-600, sold at €8450
Lot 10, André Giroux, Bridge at Peyreleau (Aveyron), Confluence of the Jonte and Tarn Rivers, c1855, estimated at €2000-3000, sold at €8060
Lot 11, André Giroux, Riverside at the foot of a mountain, c1855, estimated at €2000-3000, sold at €14300
Lot 15, Édouard Baldus, Mer de Glace, Chamonix, Alps, c1860, estimated at €2000-3000, sold at €7540
Lot 18, Fernand Pérès, (amateur album), 1876-1888, estimated at €800-1200, sold at €2600
Lot 26, (military photographer), Morocco Campaigns (two albums), 1908, estimated at €800-1200, sold at €3250
Lot 27, JB Greene, Algeria, 1855-1856, estimated at €1000-1500, sold at €3640
Lot 32, (amateur photographer), Madagascar, Comoros, Mayotte, c1920-1930, estimated at €300-400, sold at €2080
Lot 33, Jean Héricord, Africa, c1939-1950, estimated at €500-700, sold at €2340
Lot 35, JB Greene, Egypt, 1854, estimated at €1500-2000, sold at €4160
Lot 36, JB Greene, Egypt, 1853-1854, estimated at €1000-1500, sold at €6500
Lot 41, Dimitri Ermakov and others, Souvenirs de voyage, 1884, estimated at €1000-1500, sold at €5200
Lot 42, Unidentified amateur photographer, Kurdistan, c1914-1920, estimated at €1500-2000, sold at €9750
Lot 44, Samuel Bourne, India, c1865-1880, estimated at €1000-1500, sold at €3900
Lot 45, Captain Albrecht, Tonkin, c1911, estimated at €1000-1500, sold at €3250
Lot 116, Henri Cartier-Bresson, Our Cat Ulysses and Martine’s Shadow, 1989/1990, estimated at €4000-6000, sold at €13000
Lot 248, Miroslav Tichy, Untitled (Woman in swimsuit), c1960-1970, estimated at €800-1200, sold at €2470
Lot 270, Patrick Faigenbaum, Boncompogni Ludovisi family, Rome, 1987, estimated at €1500-2000, sold at €4550
Complete lot by lot results can be found here.
