Auction Results: Photographs, April 9, 2021 @Bonhams

The results from the Photographs sale at Bonhams in New York last week were largely uneventful. More than a handful of positive surprises were balanced by a too large Buy-In rate (of over 38%), leading to Total Sale Proceeds (of just over $1M) that fell below 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 195
Aggregate Pre Sale Low Estimate $1276200
Aggregate Pre Sale High Estimate $1859300
Total Lots Sold 121
Total Lots Bought In 74
Buy In % 38.27%
Total Sale Proceeds $1043548

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

Detailed Breakdown
Low Total Lots 155
Total Low Lots Sold 103
Total Low Lots Bought In 52
Low Buy In % 33.55%
Aggregate High Estimate of Low Lots $756300
Total Proceeds from Low Lots $545618
Mid Total Lots 36
Total Mid Lots Sold 16
Total Mid Lots Bought In 20
Mid Buy In % 55.56%
Aggregate High Estimate of Mid Lots $833000
Total Proceeds from Mid Lots $366056
Total High Lots 4
Total High Lots Sold 2
Total High Lots Bought In 2
High Buy In % 50.00%
Aggregate High Estimate of High Lots $270000
Total Proceeds from High Lots $131874

The top lot by High estimate was tied between three lots, each estimated at $50000-70000: lot 38, Irving Penn, Four Guedras (Morocco), 1971/1985, lot 151, Ansel Adams, Moonrise, Hernandez, New Mexico, c1941/c1970, and lot 154, Ansel Adams, Portfolio IV: What Majestic Word, In Memory of Russell Varian, 1963. The Adams Moonrise print was the top outcome of the sale at $69062 (image above, via Bonhams), while the Adams portfolio sold at $62812 and the Penn print did not sell.

88.43% of the lots that sold had proceeds in or above the estimate range and there were 7 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Bonhams):

Lot 28, Lucien Clergue, Nu de Paris, 1980s/later, estimated at $1200-1800, sold at $3825

Lot 39, Michel Ghatan, Gentle Giant, Tawi, Kenya, 2020, estimated at $5000-7000, sold at $24062

Lot 59, Jane and Louise Wilson, Stasi City (Interview Corridor, Hohenschönhausen Prison), 1997, estimated at $1200-1800, sold at $5355

Lot 66, Mimmo Jodice, Atleti dalla Villa dei Papiri, 1986, estimated at $1500-2000, sold at $21562

Lot 86, Bernd and Hilla Becher, Framework Houses 6, 1959-1976/1993, estimated at $5000-7000, sold at $14025

Lot 148, Edward Curtis, Before the Storm, Apache, 1904, estimated at $4000-6000, sold at $15300

Lot 152, Ansel Adams, Oak Tree, Snowstorm, Yosemite National Park, 1964/later, estimated at $2500-3500, sold at $7650

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Ansel Adams, Bernd and Hilla Becher, Edward Curtis, Jane and Louise Wilson, Lucien Clergue, Michel Ghatan, Mimmo Jodice, Bonhams

Leave a comment

Your email address will not be published.

Recent Articles

Joseph Desler Costa, Soft Powers @ClampArt

Joseph Desler Costa, Soft Powers @ClampArt

JTF (just the facts): A total of 13 color photographs, framed in white, and hung against white walls in the back gallery space. All of the works are layered laser ... Read on.

Sign up for our weekly email newsletter