Auction Results: Photographies, November 10, 2020 @Christie’s Paris

The various owner photography sale at Christie’s in Paris earlier this week was originally scheduled to coincide with the annual gathering of collectors at Paris Photo. But with the fair on hold due to the pandemic, we might have assumed the sale would falter, but surprisingly, it still largely met expectations. The top lot Helmut Newton print soared to €400K (more than double its high estimate), and there were a number of positive surprises to add to the momentum. While the overall Buy-In rate came in above 30%, the Total Sale Proceeds (of just under €2.1M) came in above 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 129
Aggregate Pre Sale Low Estimate €1824800
Aggregate Pre Sale High Estimate €2618700
Total Lots Sold 90
Total Lots Bought In 39
Buy In % 30.23%
Total Sale Proceeds €2099750

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

Detailed Breakdown
Low Total Lots 38
Total Low Lots Sold 28
Total Low Lots Bought In 10
Low Buy In % 26.32%
Aggregate High Estimate of Low Lots €198700
Total Proceeds from Low Lots €175375
Mid Total Lots 76
Total Mid Lots Sold 52
Total Mid Lots Bought In 24
Mid Buy In % 31.58%
Aggregate High Estimate of Mid Lots €1350000
Total Proceeds from Mid Lots €865625
Total High Lots 15
Total High Lots Sold 10
Total High Lots Bought In 5
High Buy In % 33.33%
Aggregate High Estimate of High Lots €1070000
Total Proceeds from High Lots €1058750

The top lot by High estimate was lot 35, Helmut Newton, Elsa Peretti as a Bunny, Costume by Halston, New York, 1975/later, estimated at €120000-180000. It was also the top outcome of the sale at €400000 (image above, via Christie’s).

94.44% of the lots that sold had proceeds in or above the estimate range and there were a total of 8 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 10, Nan Goldin, French Chris at the drive-in, N.J., 1979, estimated at €4000-6000, sold at €13750

Lot 35, Helmut Newton, Elsa Peretti as a Bunny, Costume by Halston, New York, 1975/later, estimated at €120000-180000, sold at €400000

Lot 38, Mark Seliger, Barack Obama, The White House, 2010, estimated at €3000-4000, sold at €11250

Lot 58, Beatrice Helg, Profondeurs VI, 2007, estimated at €1500-2000, sold at €4750

Lot 69, Peter Lindbergh, Nadja Auermann, Paramount Studios, Hollywood, 1996, estimated at €8000-12000, sold at €24375

Lot 112, Mimmo Jodice, Anamnesi, 2014, estimated at €5000-7000, sold at €18750

Lot 118, Peter Beard, Boran Woman (patient), Marsabit hospital, Kenya, 1968/1998, estimated at €4000-6000, sold at €16250

Lot 129, Nick Brandt, Giraffes in Evening Light, 2002, estimated at €3000-4000, sold at €13750

Complete lot by lot results can be found here.

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Read more about: Béatrice Helg, Helmut Newton, Mark Seliger, Mimmo Jodice, Nan Goldin, Nick Brandt, Peter Beard, Peter Lindbergh, Christie's

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