Auction Results: Photographs, June 13, 2023 @Sotheby’s London

The recent Photographs sale at Sotheby’s in London (online) generally performed to expectations. The top lot Peter Beard print found a buyer within its estimate range, the overall Buy-In rate came in below 30%, and there were a few positive surprises to offset the passes. After the tally, the Total Sale Proceeds came in at roughly £670K, just under 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 69
Aggregate Pre Sale Low Estimate £698300
Aggregate Pre Sale High Estimate £1036700
Total Lots Sold 49
Total Lots Bought In 20
Buy In % 28.99%
Total Sale Proceeds £672846

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

Detailed Breakdown
Low Total Lots 33
Total Low Lots Sold 22
Total Low Lots Bought In 11
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots £196700
Total Proceeds from Low Lots £113919
Mid Total Lots 31
Total Mid Lots Sold 24
Total Mid Lots Bought In 7
Mid Buy In % 22.58%
Aggregate High Estimate of Mid Lots £480000
Total Proceeds from Mid Lots £360807
Total High Lots 5
Total High Lots Sold 3
Total High Lots Bought In 2
High Buy In % 40.00%
Aggregate High Estimate of High Lots £360000
Total Proceeds from High Lots £198120

The top lot by High estimate was lot 19, Peter Beard, Giraffes and Zebras, 1964/2007, estimated at £100000-150000; it was also the top outcome of the sale at £127000 (image above, via Sotheby’s).

81.63% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Sotheby’s):

Lot 17, Walead Beshty, Six Magnet, Three Color Curl (CMY: Irvine, California, September 6th 2009, Fuji Crystal Archive Type C) (WB06709), 2009, estimated at £15000-20000, sold at £44450

Lot 44, Frank Horvat, Givenchy Hat B, 1958/2006, estimated at £3000-5000, sold at £15240

Lot 53, Helmut Newton, Eva with Pickelhaube, 1993, estimated at £7000-10000, sold at £21590

Lot 64, David LaChapelle, Nature’s Naked Loveliness, Moscow, 2003, estimated at £7000-10000, sold at £20320

The complete lot by lot results can be found here.

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Read more about: David LaChapelle, Frank Horvat, Helmut Newton, Peter Beard, Walead Beshty, Sotheby's

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