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.

Send this article to a friend

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

Leave a comment

Your email address will not be published.

Recent Articles

Sarah Sze @Tanya Bonakdar

Sarah Sze @Tanya Bonakdar

JTF (just the facts): A series of installations and paintings on view in the main gallery space (which has been divided), in the two gallery spaces upstairs, in the transitional ... Read on.

Sign up for our weekly email newsletter