Auction Results: Photographs, including an Important Collection of Ansel Adams, November 28, 2023 @Hindman

The consistently solid outcomes for the Ansel Adams prints included in the recent Photographs auction at Hindman in Chicago helped propel the sale to a notable outcome. Nearly all of the Adams prints included in the sale sold above their estimate ranges, so even with an overall Buy-In rate above 40%, there was enough momentum to drive the numbers upward. With a few additional positive surprises, the Total Sale Proceeds (of roughly $950K) fell near the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 154
Aggregate Pre Sale Low Estimate $697200
Aggregate Pre Sale High Estimate $1001600
Total Lots Sold 89
Total Lots Bought In 65
Buy In % 42.21%
Total Sale Proceeds $952938

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

Detailed Breakdown
Low Total Lots 139
Total Low Lots Sold 79
Total Low Lots Bought In 60
Low Buy In % 43.17%
Aggregate High Estimate of Low Lots $453600
Total Proceeds from Low Lots $268758
Mid Total Lots 12
Total Mid Lots Sold 7
Total Mid Lots Bought In 5
Mid Buy In % 41.67%
Aggregate High Estimate of Mid Lots $348000
Total Proceeds from Mid Lots $375480
Total High Lots 3
Total High Lots Sold 3
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $210000
Total Proceeds from High Lots $308700

The top lot by High estimate was lot 19, Ansel Adams, Portfolio VI (incomplete, 9 prints), 1974, estimated at $60000-80000; it sold at $107100, but it was not the top outcome of the sale. That honor went to lot 15, Ansel Adams, The Teton Range and Snake River, Grand Teton National Park, Wyoming, 1942/c1974, estimated at $30000-50000, sold at $138600 (image above, via Hindman).

70.79% of the lots that sold had proceeds in or above the estimate range and there were a total of 8 positive surprises in the sale (defined as having proceeds of at least double the high estimate)(images above via Hindman):

Lot 15, Ansel Adams, The Teton Range and Snake River, Grand Teton National Park, Wyoming, 1942/c1974, estimated at $30000-50000, sold at $138600

Lot 17, Ansel Adams, Laguna Pueblo, New Mexico, 1928/c1974, estimated at $2000-3000, sold at $9450

Lot 27, Wynn Bullock, Girl on Beach, 1968, estimated at $1000-2000, sold at $4095

Lot 57, Margaret Bourke-White, Mass Production and the Man: A Scene at the Ford Plant, 1929, estimated at $7000-9000, sold at $21420

Lot 62, Margaret Bourke-White, Chrysler Corporation (Gears), 1929, estimated at $7000-9000, sold at $20160

Lot 79, Harold Edgerton, Explosion of the Atomic Bomb (2 prints), c1945/later, estimated at $1000-2000, sold at $4095

Lot 136, Inge Morath, Giacometti in His Studio in Paris, France, 1958/later, estimated at $1000-2000, sold at $4410

Lot 149, Ansel Adams, Mormon Temple, Monti, Utah, 1948, estimated at $1500-2500, sold at $5985

The complete lot by lot results can be found here.

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Read more about: Ansel Adams, Harold Edgerton, Inge Morath, Margaret Bourke-White, Wynn Bullock, Hindman Auctions

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