In many ways, the outcome of Christie’s various owner Photographs sale was entirely predictable – a surfeit of later prints led to prices that generally traded in their expected ranges. With an overall Buy-In rate near 30% and very few positive surprises to make up for the passed lots, the Total Sale Proceeds came in at the low end of the pre sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 212 |
| Aggregate Pre Sale Low Estimate | $4045000 |
| Aggregate Pre Sale High Estimate | $6030500 |
| Total Lots Sold | 150 |
| Total Lots Bought In | 62 |
| Buy In % | 29.25% |
| Total Sale Proceeds | $4203188 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 70 |
| Total Low Lots Sold | 55 |
| Total Low Lots Bought In | 15 |
| Low Buy In % | 21.43% |
| Aggregate High Estimate of Low Lots | $524500 |
| Total Proceeds from Low Lots | $438563 |
| Mid Total Lots | 113 |
| Total Mid Lots Sold | 73 |
| Total Mid Lots Bought In | 40 |
| Mid Buy In % | 35.40% |
| Aggregate High Estimate of Mid Lots | $2766000 |
| Total Proceeds from Mid Lots | $1844375 |
| Total High Lots | 29 |
| Total High Lots Sold | 22 |
| Total High Lots Bought In | 7 |
| High Buy In % | 24.14% |
| Aggregate High Estimate of High Lots | $2740000 |
| Total Proceeds from High Lots | $1920250 |
The top lot by High estimate was tied between three lots: lot 114, Peter Beard, Orphaned Cheetah Cubs at Feeding Time, Mweiga, Near Nyeri, Kenya, 1968/2001, lot 124, Irving Penn, Woman with Roses on Her Arm (Lisa Fonssagrives-Penn), 1950/1977, and lot 241, Irving Penn, Cuzco Children, 1948/1977, each estimated at $150000-250000. The Beard and Penn Cuzco Children didn’t sell, while the Penn Woman with Roses on Her Arm sold at $185000. The top outcome of the sale was lot 302, Irving Penn, Frozen Foods, New York, 1977/1984, estimated at $60000-80000, sold at $191000 (image above, left, via Christie’s).
92.00% of the lots that sold had proceeds in or above the estimate range, and there were 4 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 115, Nick Brandt, Leopard Staring, Masai Mara, 2010, estimated at $25000-35000, sold at $75000 (image above, middle, via Christie’s)
Lot 128, Richard Avedon, Made in France, 2001, estimated at $8000-12000, sold at $27500
Lot 198, Ray Metzker, Philadelphia, 1963/1986 ,estimated at $5000-7000, sold at $20625 (image above, right, via Christie’s)
Lot 302, Irving Penn, Frozen Foods, New York, 1977/1984, estimated at $60000-80000, sold at $191000 (image above, left, via Christie’s)
Complete lot by lot results can be found here.
