Auction Results: Photographs, Icons & Style, June 30, 2015 @Christie’s Paris

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.

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Read more about: Herbert Bayer, Irving Penn, Lewis Morley, Peter Beard, Christie's

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