Auction Results: Photographies, November 5, 2019 @Christie’s Paris

The various owner photography sale at Christie’s in Paris last week generally performed to expectations. The top lot Richard Avedon print (a portrait of Marilyn Monroe) found a buyer, and there were more than a handful of positive surprises to pump up the numbers, including works by Brancusi, Testino, Lindbergh, and others. When the dust settled, the overall Buy-In rate came in below 20%, and the Total Sale Proceeds fell in the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 143
Aggregate Pre Sale Low Estimate €2392000
Aggregate Pre Sale High Estimate €3503000
Total Lots Sold 115
Total Lots Bought In 28
Buy In % 19.58%
Total Sale Proceeds €2821875

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 37
Total Low Lots Sold 35
Total Low Lots Bought In 2
Low Buy In % 5.41%
Aggregate High Estimate of Low Lots €218000
Total Proceeds from Low Lots €270625
Mid Total Lots 85
Total Mid Lots Sold 66
Total Mid Lots Bought In 19
Mid Buy In % 22.35%
Aggregate High Estimate of Mid Lots €1440000
Total Proceeds from Mid Lots €1269000
Total High Lots 21
Total High Lots Sold 14
Total High Lots Bought In 7
High Buy In % 33.33%
Aggregate High Estimate of High Lots €1845000
Total Proceeds from High Lots €1282250

The top lot by High estimate was lot 22, Richard Avedon, Marilyn Monroe, actress, New York city, May 6, 1957, 1957/1980, estimated at €300000-500000. It was also the top outcome of the sale at €346000 (image above, via Christie’s).

92.17% of the lots that sold had proceeds in or above the estimate range and there were a total of 8 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 29, Pierre et Gilles, Le Penseur, Jean-Christophe Blin, 2009, estimated at €10000-15000, sold at €30000

Lot 30, Mario Testino, Gisele Bündchen, Naples, Pirelli Calendar, 2000/2008, estimated at €15000-20000, sold at €43750

Lot 47, Peter Lindbergh, Cindy Crawford, Tatjana Patitz, Helena Christensen, Linda Evangelista, Claudia Schiffer, Naomi Campbell, Karen Mulder, Stephanie Seymour, American Vogue, Brooklyn, New York, 1991, estimated at €8000-10000, sold at €22500

Lot 57, Constantin Brancusi, Le Coq, La Muse Endormie, 1924, estimated at €50000-70000, sold at €187500

Lot 117, Jean-Baptiste Huynh, Vietnam – Main 1, 1996, estimated at €3000-4000, sold at €27500

Lot 118, Jean-Baptiste Huynh, Mâchoire de cachalot, 2006, estimated at €3000-4000, sold at €23750

Lot 128, Henri Cartier-Bresson, Museum of Modern Art, New York, États-Unis, 1965/1970, estimated at €5000-7000, sold at €23750

Lot 143, Elliott Erwitt, California Kiss, 1955/later, estimated at €5000-7000, sold at €15000

Complete lot by lot results can be found here.

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Read more about: Constantin Brancusi, Elliott Erwitt, Henri Cartier-Bresson, Jean-Baptiste Huynh, Mario Testino, Peter Lindbergh, Pierre et Gilles, Richard Avedon, Christie's

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