Auction Results: Photographs from the Teutloff Collection, May 24, 2013 @Lempertz

The results of the recent sale of photographs from the Teutloff Collection at Kunsthaus Lempertz in Cologne were decidedly flat. The overall Buy-In rate was nearly 50% and the Total Sale Proceeds came in well below the estimate target. Lempertz does not provide an estimate range in most cases, just a single estimate number, so this figure is used as the High estimate in the calculations.

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

Summary Statistics
Total Lots 99
Aggregate Pre Sale Low Estimate NA
Aggregate Pre Sale High Estimate €436500
Total Lots Sold 52
Total Lots Bought In 47
Buy In % 47.47%
Total Sale Proceeds €297520

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

Detailed Breakdown
Low Total Lots 82
Total Low Lots Sold 44
Total Low Lots Bought In 38
Low Buy In % 46.34%
Aggregate High Estimate of Low Lots €232500
Total Proceeds from Low Lots €178570
Mid Total Lots 17
Total Mid Lots Sold 8
Total Mid Lots Bought In 9
Mid Buy In % 52.94%
Aggregate High Estimate of Mid Lots €204000
Total Proceeds from Mid Lots €118950
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 NA

The top lot by High estimate was lot 313, Hendrik Kerstens, Bag, 2007, estimated at €15000-20000; it sold for €19520. The top outcome of the sale was lot 343, Jürgen Klauke, Toter Photograph, estimated at €14000-18000, sold at €29280.

100.00% of the lots that sold had proceeds in or above the estimate. There were a total of 9 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 341, Dieter Appelt, Image de la Vie et de la Mort, 1979, estimated at €5000, sold at €10980 (image at right, middle, via Lempertz)

Lot 346, Stefan Moses, Jospeh Beuys, Munchen, 1968/later, estimated at €800, sold at €2070

Lot 348, Cindy Sherman, Ancestor, 1985, estimated at €1500-2000, sold at €4880

Lot 349, Joel-Peter Witkin, La Giovanissima, 2007, estimated at €2000, sold at €13420 (image at right, top, via Lempertz)

Lot 357, Mario Cravo Neto, O Deus da Cabeca, 1988, estimated at €1500, sold at €3900

Lot 358, Mario Cravo Neto, Voodoo Figure, 1988, estimate at €1500, sold at €3900

Lot 359, Adam Nadel, Ohne Titel, 2004, estimated at €2500, sold at €5120

Lot 361, Steve McCurry, India, Kerala, Hundus During Trichur Pooram, 1996, estimated at €1800, sold at €3900

Lot 392, Rudolf Schwarzkogler, Aktion mit Seinem Eigenen Korper, 1966, estimated at €6000, sold at €12200 (image at right, bottom, via Lempertz)

Complete lot by lot results can be found here.

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Read more about: Dieter Appelt, Joel-Peter Witkin, Rudolf Schwarzkogler, Kunsthaus Lempertz

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