Auction Results: Photographies, November 8, 2022 @Christie’s Paris (online)

The results from the recent Photographies sale at Paris (online) solidly met expectations. The top lot Helmut Newton print (from the cover of his photobook White Women) found a buyer above its estimate range, and there were more than a handful of positive surprises to counteract the roughly 30% overall Buy-In rate, leading to Total Sale Proceeds (of roughly €1.69M) that fell squarely 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 108
Aggregate Pre Sale Low Estimate €1445400
Aggregate Pre Sale High Estimate €2080100
Total Lots Sold 74
Total Lots Bought In 34
Buy In % 31.48%
Total Sale Proceeds €1690164

Here is the breakdown (using our typical Low, Mid, and High definitions). Given recent currency fluctuations, we have once again re-adapted our local currency thresholds to match roughly $10000 and $50000 break points between categories.

Detailed Breakdown
Low Total Lots 57
Total Low Lots Sold 38
Total Low Lots Bought In 19
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots €337100
Total Proceeds from Low Lots €339444
Mid Total Lots 42
Total Mid Lots Sold 29
Total Mid Lots Bought In 13
Mid Buy In % 30.95%
Aggregate High Estimate of Mid Lots €973000
Total Proceeds from Mid Lots €676620
Total High Lots 9
Total High Lots Sold 7
Total High Lots Bought In 2
High Buy In % 22.22%
Aggregate High Estimate of High Lots €770000
Total Proceeds from High Lots €674100

The top lot by High estimate was lot 64, Helmut Newton, Untitled (legs), Villa d’Este, Lake Como, 1975, estimated at €120000-180000; it was also the top outcome of the sale at €214200 (image above, via Christie’s).

94.59% 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 25, Shomei Tomatsu, Untitled (series ‘Chewing Gum and Chocolate, Yokosuka’), 1958/2003, estimated at €10000-15000, sold at €37800

Lot 38, George Seeley, Autumn, No. 29, 1910, estimated at €1000-2000, sold at €4410

Lot 41, Max Pinckers, The Only Way to Predict the Future is to Create it (series ‘Margins of Excess’), 2018, estimated at €3000-5000, sold at €15120

Lot 54, Prince Gyasi, The Power of Choice / The Choice of Power, 2021, estimated at €4000-6000, sold at €20160

Lot 67, William Klein, Simone + Nina, Piazza di Spagna Rome, 1960/2010, estimated at €6000-8000, sold at €16380

Lot 89, František Drtikol, Nude study, 1928, estimated at €5000-7000, sold at €16380

Lot 91, Man Ray, Les mains d’Antonin Artaud, c1925, estimated at €7000-9000, sold at €47880

Lot 92, Man Ray, Lee Miller au canon, 1929-1930, estimated at €7000-9000, sold at €23940

Complete lot by lot results can be found here.

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Read more about: František Drtikol, George Seeley, Helmut Newton, Man Ray, Max Pinckers, Prince Gyasi, Shomei Tomatsu, William Klein, Christie's

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