Auction Results: Photographies & Lothar Schirmer’s Glamour Collection, November 9, 2023 @Christie’s Paris (online)

The results from the recent Photographies sale at Paris (online), including selections from the collection of Lothar Schirmer, solidly met expectations. The top lot Helmut Newton set of portfolios found a buyer at the low end of its estimate range, the overall Buy-In rate came in at just above a respectable 21%, and there were a dozen positive surprises to help accelerate the momentum, so when the dust settled, the Total Sale Proceeds (of roughly €2.51M) fell near the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 153
Aggregate Pre Sale Low Estimate €1856500
Aggregate Pre Sale High Estimate €2780500
Total Lots Sold 120
Total Lots Bought In 33
Buy In % 21.57%
Total Sale Proceeds €2510550

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

Detailed Breakdown
Low Total Lots 94
Total Low Lots Sold 69
Total Low Lots Bought In 25
Low Buy In % 26.60%
Aggregate High Estimate of Low Lots €541500
Total Proceeds from Low Lots €497070
Mid Total Lots 52
Total Mid Lots Sold 44
Total Mid Lots Bought In 8
Mid Buy In % 15.38%
Aggregate High Estimate of Mid Lots €1079000
Total Proceeds from Mid Lots €1099980
Total High Lots 7
Total High Lots Sold 7
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots €1160000
Total Proceeds from High Lots €913500

The top lot by High estimate was lot 102, Helmut Newton, Private Property, Suites I, II & III, (3 portfolios/45 works), 1975-1983/1984, estimated at €300000-500000; it was also the top outcome of the sale at €302400 (image above, via Christie’s).

85.83% of the lots that sold had proceeds in or above the estimate range and there were a total of 12 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 1, Brigitte Lacombe, Isabella Rossellini, NYC, 1989, estimated at €2000-3000, sold at €13860

Lot 8, Patrick Demarchelier, Christy Turlington, New York, 1990/2003, estimated at €20000-30000, sold at €138600

Lot 33, Steven Klein, X-STaTIC PRO=CeSS11 [“Madonna on table”], 2002, estimated at €6000-8000, sold at €35280

Lot 48, David Seidner, YSL, Anh Duong, 1986, estimated at €3000-5000, sold at €20160

Lot 49, David Seidner, YSL Black Dress/White Card, 1994, estimated at €3000-5000, sold at €10080

Lot 63, Herbert List, Herr und Hund (Master and Dog), Portofino, Italy, 1936, estimated at €3000-5000, sold at €23940

Lot 73, Dorothy Wilding, Queen Elizabeth II, 1952, estimated at €1000-1500, sold at €4788

Lot 90, Saul Leiter, Untitled, 1950/1980, estimated at €6000-8000, sold at €16380

Lot 126, Laure Albin-Guillot, Jean Cocteau fumant une cigarette, Paris, 1939, estimated at €6000-8000, sold at €22680

Lot 127, Man Ray, Genica Athanasiou portant un manteau Chanel, pour ‘Antigone’ de Cocteau, 1921, estimated at €8000-12000, sold at €81900

Lot 141, Elliott Erwitt, Saint-Tropez, France, 1959/later, estimated at €7000-10000, sold at €20160

Lot 142, Louise Dahl-Wolfe, Nude in Mojave Desert, California, Harper’s Bazaar, 1948/later, estimated at €3500-5500, sold at €11340

Complete lot by lot results can be found here.

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Read more about: Brigitte Lacombe, David Seidner, Dorothy Wilding, Elliott Erwitt, Helmut Newton, Herbert List, Laure Albin-Guillot, Louise Dahl-Wolfe, Man Ray, Patrick Demarchelier, Saul Leiter, Steven Klein, Christie's

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