The results from the recent Photographies sale at Christie’s in Paris generally met expectations. A large scale (but modern) Peter Lindbergh print helped the overall numbers, jumping up to €200K, and with a handful of other positive surprises and a manageable Buy-In rate (under 25%), the glamour heavy sale brought in Total Sale Proceeds of roughly €1.4M, settling safely 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 | 99 |
| Aggregate Pre Sale Low Estimate | €1162400 |
| Aggregate Pre Sale High Estimate | €1669600 |
| Total Lots Sold | 75 |
| Total Lots Bought In | 24 |
| Buy In % | 24.24% |
| Total Sale Proceeds | €1397500 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 38 |
| Total Low Lots Sold | 28 |
| Total Low Lots Bought In | 10 |
| Low Buy In % | 26.32% |
| Aggregate High Estimate of Low Lots | €187600 |
| Total Proceeds from Low Lots | €154000 |
| Mid Total Lots | 52 |
| Total Mid Lots Sold | 42 |
| Total Mid Lots Bought In | 10 |
| Mid Buy In % | 19.23% |
| Aggregate High Estimate of Mid Lots | €837000 |
| Total Proceeds from Mid Lots | €749750 |
| Total High Lots | 9 |
| Total High Lots Sold | 5 |
| Total High Lots Bought In | 4 |
| High Buy In % | 44.44% |
| Aggregate High Estimate of High Lots | €645000 |
| Total Proceeds from High Lots | €493750 |
The top lot by High estimate was lot 55, Helmut Newton, Classic Portfolio (Helmut Newton Photographien), 1998, estimated at €100000-150000; it sold at €118750, but it was not the top outcome of the sale. That honor went to lot 61, Peter Lindbergh, Mathilde on the Eiffel Tower (Hommage à Marc Riboud), Paris, 1989, 1989/2014, estimated at €60000-80000, sold at €200000 (image above, via Christie’s).
90.67% 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 10, Luigi Ghirri, Milano, Studio di A. Rossi (n°405), 1989/2001, estimated at €4000-6000, sold at €15000
Lot 19, Hiroshi Sugimoto, Arctic Ocean, Nord Kapp, 1990, 1990, estimated at €1200-1800, sold at €7500
Lot 20, Hiroshi Sugimoto, Black Sea, Ozuluce, 1991, 1991, estimated at €1200-1800, sold at €6875
Lot 46, Raoul Ubac, La Nébuleuse, 1939, estimated at €6000-8000, sold at €16250
Lot 50, Horst P. Horst, Lisa with Harp, 1939/1940, estimated at €6000-8000, sold at €21250
Lot 58, Chris Von Wangenheim, Woman with Horse, c. 1975, estimated at €3000-5000, sold at €18750
Lot 61, Peter Lindbergh, Mathilde on the Eiffel Tower (Hommage à Marc Riboud), Paris, 1989, 1989/2014, estimated at €60000-80000, sold at €200000
Lot 94, Nick Brandt, Elephant Mother with Baby Holding Leg, Serengeti, 2002, estimated at €7000-9000, sold at €30000
Complete lot by lot results can be found here.
