Auction Results: Photographies, November 15, 2013 @Sotheby’s Paris

The results of Sotheby’s Paris Photo photographs sale were generally mixed, with a handful of top lots finding buyers offset by an overall Buy-In rate for the entire auction near 45%. This unevenness led to Total Sale Proceeds that just covered the low end of the pre-sale estimate range.

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

Summary Statistics
Total Lots 126
Aggregate Pre Sale Low Estimate €2161000
Aggregate Pre Sale High Estimate €3009000
Total Lots Sold 71
Total Lots Bought In 55
Buy In % 43.65%
Total Sale Proceeds €2175725

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

Detailed Breakdown
Low Total Lots 39
Total Low Lots Sold 20
Total Low Lots Bought In 19
Low Buy In % 48.72%
Aggregate High Estimate of Low Lots €241000
Total Proceeds from Low Lots €192400
Mid Total Lots 71
Total Mid Lots Sold 41
Total Mid Lots Bought In 30
Mid Buy In % 42.25%
Aggregate High Estimate of Mid Lots €1323000
Total Proceeds from Mid Lots €841625
Total High Lots 16
Total High Lots Sold 10
Total High Lots Bought In 6
High Buy In % 37.50%
Aggregate High Estimate of High Lots €1445000
Total Proceeds from High Lots €1141700

The top lot by High estimate was lot 77, Irving Penn, Mouth (for L’Oreal), New York, 1986/1992, estimated at €150000-200000; it was also the top outcome of the sale at €289500.

91.55% of the lots that sold had proceeds in or above the estimate range and there were a total of 5 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 10, Constatin Brancusi, Autoportraits avec chien, 1925, estimated at €4000-6000, sold at €39900

Lot 72, William Klein, Fat Ladies Club, Paris, 1990, estimated at €3000-5000, sold at €12500 (image above, left, via Sotheby’s)

Lot 78, Patrick Demarchelier, Christy, New York, 1990/1996, estimated at €10000-15000, sold at €35000

Lot 93, Vito Acconci, Documentation: Reach, 1969/1980, estimated at €6000-8000, sold at €16250 (image above, middle, via Sotheby’s)

Lot 115, Izima Kaoru, Sato Yasue Wears John Galliano, 2000/2006, estimated at €4000-6000, sold at €12500

Complete lot by lot results can be found here.

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Read more about: Patrick Demarchelier, Vito Acconci, William Klein, Sotheby's

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