Auction Results: Photographs, April 29, 2014 @Bonhams

A selection of vintage Margaret Bourke-White prints soared to big prices at Bonhams’ various owner Photographs sale earlier this week, helping to prop up an otherwise lackluster outing. Her iconic image of refugees in front of a Kentucky billboard came in more than 10 times its high estimate, while her concrete pillars from the Fort Peck Dam brought in more than 16 times its high estimate. The overall Buy-In rate topped 40%, so these positive surprises provided the necessary push to keep the Total Sale Proceeds in the middle of the pre sale range.

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

Summary Statistics
Total Lots 108
Aggregate Pre Sale Low Estimate $820000
Aggregate Pre Sale High Estimate $1174500
Total Lots Sold 64
Total Lots Bought In 44
Buy In % 40.74%
Total Sale Proceeds $986775

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 72
Total Low Lots Sold 48
Total Low Lots Bought In 24
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots $439500
Total Proceeds from Low Lots $402000
Mid Total Lots 35
Total Mid Lots Sold 15
Total Mid Lots Bought In 20
Mid Buy In % 57.14%
Aggregate High Estimate of Mid Lots $675000
Total Proceeds from Mid Lots $415375
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $60000
Total Proceeds from High Lots $151400

The top lot by High estimate was lot 132, Eadweard Muybridge, 236 plates from Animal Locomotion, 1887, estimated at $40000-60000; it sold for $151400 (image above, middle, via Bonhams). The top outcome of the sale was lot 16, Margaret-Bourke White, At the Time of the Louisiana Flood, Kentucky, 1937, estimated at $10000-15000, sold at $161000 (image above, left, via Bonhams).

Only 75.00% of the lots that sold had proceeds in or above the estimate range, and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 14, Margaret Bourke-White, Fort Peck Dam, Montana, 1936, estimated at $7000-9000, sold at $149000

Lot 15, Margaret Bourke-White, Commercial Solvents Company, Terre Haute, Indiana, 1936-1937, estimated at $5000-7000, sold at $16250 (image above, right, via Bonhams)

Lot 16, Margaret-Bourke White, At the Time of the Louisiana Flood, Kentucky, 1937, estimated at $10000-15000, sold at $161000 (image above, left, via Bonhams)

Lot 132, Eadweard Muybridge, 236 plates from Animal Locomotion, 1887, estimated at $40000-60000, sold at $151400 (image above, middle, via Bonhams)

Complete lot by lot results can be found here.

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