Auction Results: Photographies, November 10, 2016 @Christie’s Paris

All four of the major photography auctions that were scheduled to coincide with Paris Photo last week fought the headwinds of political uncertainty and ultimately failed to meet their aggregate low end estimates for total proceeds. The Christie’s various owner sale took place first and fared the best in the choppy conditions. While the top lot album by Amélie Guillot-Saguez sold in its range, the overall Buy-In rate was high (over 46%) and there were too few positive surprises to make up the difference. While the Total Sale Proceeds cleared €2M, that number still fell short of expectations.

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

Summary Statistics
Total Lots 123
Aggregate Pre Sale Low Estimate €2293000
Aggregate Pre Sale High Estimate €3284000
Total Lots Sold 66
Total Lots Bought In 57
Buy In % 46.34%
Total Sale Proceeds €2068875

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 43
Total Low Lots Sold 19
Total Low Lots Bought In 24
Low Buy In % 55.81%
Aggregate High Estimate of Low Lots €234000
Total Proceeds from Low Lots €99250
Mid Total Lots 56
Total Mid Lots Sold 31
Total Mid Lots Bought In 25
Mid Buy In % 44.64%
Aggregate High Estimate of Mid Lots €955000
Total Proceeds from Mid Lots €579875
Total High Lots 24
Total High Lots Sold 16
Total High Lots Bought In 8
High Buy In % 33.33%
Aggregate High Estimate of High Lots €2095000
Total Proceeds from High Lots €1389750

The top lot by High estimate was lot 66, Amélie Guillot-Saguez, Rome (album including 37 plates), 1847, estimated at €200000-300000 (image in preview post). It was also the top outcome of the sale at €254500.

80.30% 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 10, Eugène Atget, Joueur de guitare, Paris, 1899, estimated at €30000-50000, sold at €108100

Lot 47, Eugène Atget, Coin, Rue de la Montagne Sainte Geneviève, Paris, 1923, estimated at €5000-7000, sold at €15000

Lot 53, Julia Margaret Cameron, Stella, Study of Julia Jackson (Mrs. Herbert Duckworth), 1867, estimated at €20000-30000, sold at €110500

Lot 60, Unidentified Photographer, Untitled (Parade Ground), c1850-1860, estimated at €5000-7000, sold at €16250

Complete lot by lot results can be found here.

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Read more about: Eugène Atget, Julia Margaret Cameron, Christie's

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