Bonhams’ recent Photographs sale in Dubai didn’t generate much notable momentum. The overall Buy-In rate was up over 33% (more than a third of the lots failing to find a buyer) and the Total Sale Proceeds missed the low end of the estimate range by a significant margin on both a dollar basis and as a percentage. With no positive surprises, there were no individual outcomes really worth highlighting, and thus no accompanying images for this results roundup.
.
The summary statistics are below (all results include the buyer’s premium):

Total Lots: 85
Pre Sale Low Total Estimate: $570000
Pre Sale High Total Estimate: $757900
Total Lots Sold: 56
Total Lots Bought In: 29
Buy In %: 34.12%
Total Sale Proceeds: $394920
.
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):

Low Total Lots: 72
Low Sold: 49
Low Bought In: 23
Buy In %: 31.94%
Total Low Estimate: $430900
Total Low Sold: $253920
.
Mid Total Lots: 13
Mid Sold: 7
Mid Bought In: 6
Buy In %: 46.15%
Total Mid Estimate: $327000
Total Mid Sold: $141000
.
High Total Lots: 0
High Sold: NA
High Bought In: NA
Buy In %: NA
Total High Estimate: $0
Total High Sold: NA
.
The top lot by High estimate was tied between two lots: lot 33, Shirin Neshat, Mystified, 1997, and lot 70, Halim Al-Karim, Goddess of the Desert, 2010, both at $35000-45000. The Al-Karim didn’t sell. The Neshat sold for $36000, and was tied with lot 41, Camille Zakharia, Cultivate Your Garden, 1998, also at $36000, for top outcome of the sale.
.
91.07% of the lots that sold had proceeds in or above the estimate range. There were no surprises in this sale (defined as having proceeds of at least double the high estimate).
.
Complete lot by lot results can be found here.
.
Bonhams
Royal Mirage Hotel

Villa No. 23
Beach Road
Jumeirah 1
Dubai, UAE