Auction Results: Photographies, November 9, 2021 @Christie’s Paris

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.

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Read more about: Chris Von Wangenheim, Hiroshi Sugimoto, Horst P. Horst, Luigi Ghirri, Nick Brandt, Peter Lindbergh, Raoul Ubac, Christie's

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