Auction Results: Photographies, June 6, 2023 @Christie’s Paris

The results from the recent Photographies sale at Paris (online) were largely uneventful. The top lot Helmut Newton print didn’t sell (so a Robert Mapplethorpe self-portrait took the top lot honors), but the combination of a respectable overall Buy-In rate of 20% and a few positive surprises led to Total Sale Proceeds (of roughly €890K) that fell just 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 65
Aggregate Pre Sale Low Estimate €933000
Aggregate Pre Sale High Estimate €1324000
Total Lots Sold 52
Total Lots Bought In 13
Buy In % 20.00%
Total Sale Proceeds €894222

Here is the breakdown (using our typical Low, Mid, and High definitions). Given recent currency fluctuations, we have once again re-adapted our local currency thresholds to match roughly $10000 and $50000 break points between categories.

Detailed Breakdown
Low Total Lots 26
Total Low Lots Sold 23
Total Low Lots Bought In 3
Low Buy In % 11.54%
Aggregate High Estimate of Low Lots €189000
Total Proceeds from Low Lots €223272
Mid Total Lots 33
Total Mid Lots Sold 26
Total Mid Lots Bought In 7
Mid Buy In % 21.21%
Aggregate High Estimate of Mid Lots €685000
Total Proceeds from Mid Lots €498330
Total High Lots 6
Total High Lots Sold 3
Total High Lots Bought In 3
High Buy In % 50.00%
Aggregate High Estimate of High Lots €450000
Total Proceeds from High Lots €172620

The top lot by High estimate was lot 25, Helmut Newton, Roselyne at Arcangues, 1975, estimated at €90000-110000; it did not sell. The top outcome of the sale was lot 9, Robert Mapplethorpe, Self-portrait, 1985, estimated at €60000-80000, sold at €75600 (image above, via Christie’s).

98.08% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 2, Adam Fuss, Untitled (Sunflower), 1993, estimated at €4000-6000, sold at €18900

Lot 5, Nan Goldin, French Chris on convertible, NYC, 1979, estimated at €6000-8000, sold at €18900

Lot 52, Peter Beard, Hunting Cheetahs on the Taru Desert, Kenya (for ‘The End of the Game’), 1960/1997, estimated at €6000-8000, sold at €18900

Lot 66, Bruce Weber, Lisa Marie, Palm Beach, 1986, estimated at €2000-3000, sold at €6930

Complete lot by lot results can be found here.

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Read more about: Adam Fuss, Bruce Weber, Nan Goldin, Peter Beard, Robert Mapplethorpe, Christie's

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