Auction Results: Photographs Collections & Propositions, June 6, 2024 @Millon

The results from the recent photography sale at Millon in Paris were generally underwhelming. A 1940s Man Ray rayograph took the top lot honors, and there were a number of lower priced positive surprises, but not enough to compensate for an overall Buy-In rate above 45%. In the end, the Total Sale Proceeds (of roughly €305K) fell well 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 359
Aggregate Pre Sale Low Estimate €439130
Aggregate Pre Sale High Estimate €594100
Total Lots Sold 197
Total Lots Bought In 162
Buy In % 45.13%
Total Sale Proceeds €307988

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

Detailed Breakdown
Low Total Lots 349
Total Low Lots Sold 193
Total Low Lots Bought In 156
Low Buy In % 44.70%
Aggregate High Estimate of Low Lots €397100
Total Proceeds from Low Lots €225488
Mid Total Lots 10
Total Mid Lots Sold 4
Total Mid Lots Bought In 6
Mid Buy In % 60.00%
Aggregate High Estimate of Mid Lots €197000
Total Proceeds from Mid Lots €82500
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots €0
Total Proceeds from High Lots €0

The top lot by High estimate was lot 79, Brassaï, Graffiti (Series IX, Primitive Images), c1933-1956/c1960, estimated at €40000-50000; it did not sell. The top outcome of the sale was lot 50, Man Ray, Rayogram, 1947, estimated at €20000-30000, sold at €42500 (image above, via Millon).

98.48% of the lots that sold had proceeds in or above the estimate range, and there were a total of 20 positive surprises in the sale (defined as having proceeds of at least double the high estimate); listed below are the 7 of those surprises that found buyers at prices of €2000 or above (images above, via Millon):

Lot 17, Victor Collin de Plancy, The Boxer War (albums), 1880-1890, estimated at €1500-2000, sold at €8125

Lot 42, Alexander Rodchenko, Pines in Pushkin, 1927/c1950-1960, estimated at €600-800, sold at €6250

Lot 90, Louis-Maurice Boutet de Monvel, The painter Gauguin in a Breton vest, 1891, estimated at €1000-1500, sold at €3500

Lot 91, Charles Karl Bodmer, The painter Paul Cézanne in the ferns at Barbizon, 1894, estimated at €400-600, sold at €4000

Lot 100, Mimmo Jodice, Atleta della Villa dei Papiri, Ercolano, from the Méditerraneo series, 1986, estimated at €500-800, sold at €4000

Lot 161, Bernard Faucon, Le Vitrail, 13° chambre d’amour, 1985, estimated at €700-800, sold at €2040

Lot 162, Bernard Faucon, La Chambre du Pharaon, 16° chambre d’amour, 1986/1987, estimated at €700-800, sold at €2423

Complete lot by lot results can be found here.

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Read more about: Aleksandr Rodchenko, Bernard Faucon, Man Ray, Mimmo Jodice, Millon & Associés

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