Bucking the headwinds of a 42% Buy-In rate at its recent various owner photography sale in Paris, Sotheby’s used the meaningful positive surprise of an Andreas Gursky print to avoid a broader and more disappointing outcome. As it was, the Total Sale Proceeds hovered near the low end of the pre-sale estimate.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 196 |
| Aggregate Pre Sale Low Estimate | €2074000 |
| Aggregate Pre Sale High Estimate | €2930500 |
| Total Lots Sold | 113 |
| Total Lots Bought In | 83 |
| Buy In % | 42.35% |
| Total Sale Proceeds | €2073775 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 70 |
| Total Low Lots Sold | 47 |
| Total Low Lots Bought In | 23 |
| Low Buy In % | 32.86% |
| Aggregate High Estimate of Low Lots | €415500 |
| Total Proceeds from Low Lots | €295250 |
| Mid Total Lots | 113 |
| Total Mid Lots Sold | 58 |
| Total Mid Lots Bought In | 55 |
| Mid Buy In % | 48.67% |
| Aggregate High Estimate of Mid Lots | €1710000 |
| Total Proceeds from Mid Lots | €1077675 |
| Total High Lots | 13 |
| Total High Lots Sold | 8 |
| Total High Lots Bought In | 5 |
| High Buy In % | 38.46% |
| Aggregate High Estimate of High Lots | €805000 |
| Total Proceeds from High Lots | €700850 |
The top lot by High estimate was lot 187, Andreas Gursky, Sans Titre, 2006, estimated at €120000-160000; it was also the top outcome of the sale at €409500 (image above, right, via Sotheby’s)
90.27% of the lots that sold had proceeds in or above the estimate range and there were a total of 6 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 6, Gustave Le Gray, Camp de Chalons, Manoeuvres de 3 Octobre, 1857, estimated at €15000-25000, sold at €51900
Lot 15, A. De Bonis, 19 albumen prints, c1860, estimated at €6000-8000, sold at €39900
Lot 21, Hannah Höch, Dada-Puppen, 1919, estimated at €10000-15000, sold at €44700 (image above, left, via Sotheby’s)
Lot 111, Jeanloup Sieff, Nu Couche, 1969/1980s, estimated at €4000-6000, sold at €15000
Lot 187, Andreas Gursky, Sans Titre, 2006, estimated at €120000-160000, sold at €409500
Lot 195, Thomas Ruff, H. T. B. 10, 2000, estimated at €12000-16000, sold at €47100 (image above, middle, via Sotheby’s)
Complete lot by lot results can be found here.
