Auction Results: Photographies, November 14, 2014 @Sotheby’s Paris

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.

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Read more about: Andreas Gursky, Hannah Höch, Thomas Ruff, Sotheby's

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