Auction Results: Photographies, June 7, 2024 @Ader

An overall Buy-In rate near 45% softened the results of the recent photography sale at Ader in Paris. The top lot Louis-Émile Durandelle portfolio failed to find a buyer, and there weren’t enough valuable positive surprises to offset the other passed lots. When the tally was complete, the Total Sale Proceeds (of roughly €445K) fell meaningfully 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 336
Aggregate Pre Sale Low Estimate €581800
Aggregate Pre Sale High Estimate €822150
Total Lots Sold 185
Total Lots Bought In 151
Buy In % 44.94%
Total Sale Proceeds €446270

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 328
Total Low Lots Sold 183
Total Low Lots Bought In 145
Low Buy In % 44.21%
Aggregate High Estimate of Low Lots €593150
Total Proceeds from Low Lots €389070
Mid Total Lots 7
Total Mid Lots Sold 2
Total Mid Lots Bought In 5
Mid Buy In % 71.43%
Aggregate High Estimate of Mid Lots €149000
Total Proceeds from Mid Lots €57200
Total High Lots 1
Total High Lots Sold 0
Total High Lots Bought In 1
High Buy In % 100.00%
Aggregate High Estimate of High Lots €80000
Total Proceeds from High Lots €0

The top lot by High estimate was lot 8, Louis-Émile Durandelle, Construction of the New Paris Opera House, 1861-1875, estimated at €60000-80000; it did not sell. The top outcome of the sale was lot 186, William Klein, Gun 1. New York, 1954/2001, estimated at €25000-35000, sold at €36400 (image above, via Ader).

An impressive 99.46% of the lots that sold had proceeds in or above the estimate range and there were a total of 10 positive surprises in the sale (defined as having proceeds of at least double the high estimate)(images above, via Ader):

Lot 12, Count Benoît Henri Tyszkiewicz, Recueil du studio (3 albums), 1895-1896, estimated at €3000-4000, sold at €14300

Lot 13, Count Benoît Henri Tyszkiewicz, Recueil du studio (5 albums), 1894-1897, estimated at €2500-3500, sold at €13000

Lot 14, Count Benoît Henri Tyszkiewicz, Travels in southern France and Italy (album), c1900, estimated at €1000-1500, sold at €13000

Lot 21, Henry-René of Germany – Poliakov, Uzbekistan (album), 1898-1907, estimated at €1000-1500, sold at €3640

Lot 84, Lotte Jacobi, Käthe Kollwitz. Berlin, 1929, estimated at €1200-1800, sold at €5460

Lot 96, Horst P. Horst, Mademoiselle Nystrom, 1935, estimated at €1000-1500, sold at €3770

Lot 139, Eugène Disdéri, Album of General Auguste Alexandre Ducrot, 1860-1870, estimated at €300-400, sold at €2080

Lot 159, Robert Doisneau, Dream creature, 1952, estimated at €600-800, sold at €1820

Lot 164, Willy Ronis, Glazier, rue Savart, Belleville, Paris, 1947, estimated at €700-900, sold at €1950

Lot 332, Sarah Moon, Untitled, 2013, estimated at €1800-2500, sold at €6500

Complete lot by lot results can be found here.

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Read more about: Horst P. Horst, Lotte Jacobi, Robert Doisneau, Sarah Moon, William Klein, Willy Ronis, Ader

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