Auction Results: Photographies, November 16, 2013 @Christie’s Paris

Christie’s more unexpected selection of material for its Paris Photo vintage sale proved to be an attraction for collectors. With a Buy-In rate less than 20% and plenty of positive surprises, the Total Sale Proceeds fell just under €3 million, near the top end of the pre-sale estimate range.

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

Summary Statistics
Total Lots 113
Aggregate Pre Sale Low Estimate €2249000
Aggregate Pre Sale High Estimate €3259000
Total Lots Sold 91
Total Lots Bought In 22
Buy In % 19.47%
Total Sale Proceeds €2982300

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

Detailed Breakdown
Low Total Lots 40
Total Low Lots Sold 33
Total Low Lots Bought In 7
Low Buy In % 17.50%
Aggregate High Estimate of Low Lots €217000
Total Proceeds from Low Lots €214000
Mid Total Lots 51
Total Mid Lots Sold 41
Total Mid Lots Bought In 10
Mid Buy In % 19.61%
Aggregate High Estimate of Mid Lots €742000
Total Proceeds from Mid Lots €664400
Total High Lots 22
Total High Lots Sold 17
Total High Lots Bought In 5
High Buy In % 22.73%
Aggregate High Estimate of High Lots €2300000
Total Proceeds from High Lots €2103900

The top lot by High estimate was lot 243, Man Ray, Le Message Automatique, 1933, estimated at €200000-300000, it sold for €205500. The top outcome of the sale was lot 239, Man Ray, Belle Haleine, Eau de Voilette, 1920, estimated at €80000-12000, sold at €265500 (image above, left, via Christie’s).

86.81% of the lots that sold had proceeds in or above the estimate range and there were a total of 11 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 208, Walker Evans, Façade of House with Large Numbers, Denver, Colorado, 1967, estimated at €3000-5000, sold at €10625

Lot 210, Lewis Baltz, La valise, 1993, estimated at €5000-7000, sold at €17500

Lot 211, Lewis Baltz, San Quentin Point, 1985, estimated at €8000-12000, sold at €51900 (image above, right, via Christie’s)

Lot 238, Pablo Picasso, Portrait de Dora Maar et Sonia Mosse, Antibes, 1939, estimated at €5000-7000, sold at €20000

Lot 239, Man Ray, Belle Haleine, Eau de Voilette, 1920, estimated at €80000-12000, sold at €265500 (image above, left, via Christie’s)

Lot 249, Wols, Pavillion d’elegance, 1937, estimated at €3000-5000, sold at €10000

Lot 288, Robert Frank, Jack Kerouac dans Central Park, 1959, estimated at €6000-9000, sold at €20000

Lot 291, Irving Penn, The hand of Miles Davis (C), New York, 1986/1992, estimated at €50000-70000, sold at €163500

Lot 292, Irving Penn, The hand of Miles Davis (B), New York, 1986/1992, estimated at €50000-70000, sold at €175500 (image above, middle, via Christie’s)

Lot 300, Peter Beard, Zebra Carpet & Ol Morani, Lariak Estate, Kenya, 1960/later, estimated at €10000-15000, sold at €35000

Lot 312, Larry Clark, Sans titre (from Teenage Lust), 1972, estimated at €4000-6000, sold at €17500

Complete lot by lot results can be found here.

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