Auction Results: Photographies, November 8, 2019 @Sotheby’s Paris

The results at Sotheby’s various owner Photographies sale in Paris last week were largely underwhelming. The top lot Cindy Sherman film still failed to find a buyer, the overall Buy-In rate came in at roughly a third, and there were only a handful of positive surprises, so the Total Sale Proceeds fell below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 106
Aggregate Pre Sale Low Estimate €1875000
Aggregate Pre Sale High Estimate €2776000
Total Lots Sold 71
Total Lots Bought In 35
Buy In % 33.02%
Total Sale Proceeds €1512125

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

Detailed Breakdown
Low Total Lots 30
Total Low Lots Sold 23
Total Low Lots Bought In 7
Low Buy In % 23.33%
Aggregate High Estimate of Low Lots €182000
Total Proceeds from Low Lots €170250
Mid Total Lots 60
Total Mid Lots Sold 37
Total Mid Lots Bought In 23
Mid Buy In % 38.33%
Aggregate High Estimate of Mid Lots €959000
Total Proceeds from Mid Lots €569375
Total High Lots 16
Total High Lots Sold 11
Total High Lots Bought In 5
High Buy In % 31.25%
Aggregate High Estimate of High Lots €1635000
Total Proceeds from High Lots €772500

The top lot by High estimate was lot 57, Cindy Sherman, Untitled Film Still #16, 1978, estimated at €300000-500000; it did not sell. The top outcome of the sale was lot 65, Thomas Struth, 23 Works from Unbewusste Orte (Unconscious Places), 1989, estimated at €100000-150000, sold at €125000 (image above, via Sotheby’s).

100.00% 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) (images above, via Sotheby’s):

Lot 1, Francesco Adriano De Bonis, Rome (19 Works), 1850-1870, estimated at €6000-8000, sold at €23750

Lot 3, Johan Wilhelm Bergström, Portrait of the Photographer’s Wife at the Spinning Wheel, 1844-1852, estimated at €8000-12000, sold at €32500

Lot 31, Martin Schoeller, Angelina Jolie with Bod, 2000, estimated at €10000-15000, sold at €31250

Lot 32, Martin Schoeller, Cindy Sherman, 2000, estimated at €4000-6000, sold at €13125

Lot 45, Liu Bolin, Construct Harmonious Society Together (Hiding in the City No. 50), 2008, estimated at €4000-6000, sold at €15625

Lot 85, Robert Mapplethorpe, Jack Walls, 1982, estimated at €5000-7000, sold at €14375

Complete lot by lot results can be found here.

Send this article to a friend

Read more about: Francesco Adriano De Bonis, Johan Wilhelm Bergström, Liu Bolin, Martin Schoeller, Robert Mapplethorpe, Thomas Struth, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

Ori Gersht, Altered States @Yancey Richardson

Ori Gersht, Altered States @Yancey Richardson

JTF (just the facts): A total of 17 color photographs, framed in black and unmatted, and hung against white walls in the main gallery space and the smaller project room. ... Read on.

Sign up for our weekly email newsletter