Auction Results: Photographs, April 6, 2018 @Christie’s

The results from Christie’s recent various owner Photographs sale in New York were generally in line with expectations. New auction records were set for works by Alec Soth, Olivo Barbieri, and Clifford Ross, and with a few additional positive surprises to balance an overall Buy-In rate over 30%, the Total Sale Proceeds came in just above the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 171
Aggregate Pre Sale Low Estimate $3141000
Aggregate Pre Sale High Estimate $4767000
Total Lots Sold 117
Total Lots Bought In 54
Buy In % 31.58%
Total Sale Proceeds $3432000

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 43
Total Low Lots Sold 30
Total Low Lots Bought In 13
Low Buy In % 30.23%
Aggregate High Estimate of Low Lots $315000
Total Proceeds from Low Lots $227125
Mid Total Lots 115
Total Mid Lots Sold 79
Total Mid Lots Bought In 36
Mid Buy In % 31.30$
Aggregate High Estimate of Mid Lots $2622000
Total Proceeds from Mid Lots $2067125
Total High Lots 13
Total High Lots Sold 8
Total High Lots Bought In 5
High Buy In % 38.46%
Aggregate High Estimate of High Lots $1830000
Total Proceeds from High Lots $1137750

The top lot by High estimate was lot 115, Richard Avedon, Dovima with Elephants, Evening Dress by Dior, Cirque d’Hiver, Paris, 1955/1979, estimated at $300000-500000; it was also the top outcome of the sale at $456500 (image above via Christie’s).

94.02% of the lots that sold had proceeds in or above the estimate range and there were a total of 6 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Christie’s):

Lot 3, Olivo Barbieri, The Dolomites Project #7, 2010, estimated at $6000-8000, sold at $21250

Lot 12, Clifford Ross, Grain VII, 2001, estimated at $8000-12000, sold at $32500

Lot 15, Edward Burtynsky, Manufacturing #17, Deda Chicken Processing Plant, Dehui City, Jilin Province, China, 2005, estimated at $10000-15000, sold at $30000

Lot 16, Nan Goldin, Casta Diva, 1993-1995/2000, estimated at $6000-8000, sold at $16250

Lot 31, Peter Hujar, ‘If Only I Spoke French’ (Greer Lankton in Jean-Charles de Castelbajac sheets), 1983, estimated at $15000-20000, sold at $40000

Lot 66, Lisette Model, Lisette Model: Twelve Photographs, 1976, estimated at $10000-15000, sold at $35000

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Clifford Ross, Edward Burtynsky, Lisette Model, Nan Goldin, Olivo Barbieri, Peter Hujar, Richard Avedon, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Auction Results: Photographs Now, July 18, 2024 @Bonhams (online)

Auction Results: Photographs Now, July 18, 2024 @Bonhams (online)

Aside from a vintage Aenne Biermann double exposure print from the early 1930s that soared to more than 8X its high estimate, the results from the recent Photographs Now online ... Read on.

Sign up for our weekly email newsletter