Paris delivered a respectable outcome for Christie’s early summer Photographs, Icons & Style sale last week. With a respectable Buy-In rate hovering near 25%, solid sell through of the top priced lots, and a few positive surprises, the Total Sale Proceeds settled into the upper part of the pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 63 |
| Aggregate Pre Sale Low Estimate | €1339000 |
| Aggregate Pre Sale High Estimate | €1942000 |
| Total Lots Sold | 47 |
| Total Lots Bought In | 16 |
| Buy In % | 25.40% |
| Total Sale Proceeds | €1720475 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 12 |
| Total Low Lots Sold | 9 |
| Total Low Lots Bought In | 3 |
| Low Buy In % | 25.00% |
| Aggregate High Estimate of Low Lots | €71000 |
| Total Proceeds from Low Lots | €66500 |
| Mid Total Lots | 40 |
| Total Mid Lots Sold | 29 |
| Total Mid Lots Bought In | 11 |
| Mid Buy In % | 27.50% |
| Aggregate High Estimate of Mid Lots | €701000 |
| Total Proceeds from Mid Lots | €538875 |
| Total High Lots | 11 |
| Total High Lots Sold | 9 |
| Total High Lots Bought In | 2 |
| High Buy In % | 18.18% |
| Aggregate High Estimate of High Lots | €1170000 |
| Total Proceeds from High Lots | €1115100 |
The top lot by High estimate was lot 216, Helmut Newton, Big Nude II, Paris, 1980/1982, estimated at €250000-350000; it was also the top outcome of the sale at €361500.
93.62% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):
Lot 4, Peter Beard, Lioness at Mgarari, 1963, estimated at €7000-9000, sold at €22500
Lot 24, Lewis Morley, Christine Keeler, 19363/later, estimated at €5000-7000, sold at €15000
Lot 40, Irving Penn, Girl Behind Bottle, 1949/1978, estimated at €70000-90000, sold at €193500
Lot 43, Herbert Bayer, Lonely Metropolitan, 1932, estimated at €12000-18000, sold at €49500
Complete lot by lot results can be found here.
