Auction Results: Photographs, May 15, 2013 @Christie’s London

The parade of Peter Beard prints in Christie’s recent various owner Photographs sale in London held up well, pushing the Total Sale Proceeds for the auction solidly into the middle of the pre-sale estimate range. With an overall Buy-In rate under 30% and a number of positive surprises, the sale easily met expectations.

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

Summary Statistics
Total Lots 108
Aggregate Pre Sale Low Estimate £1159000
Aggregate Pre Sale High Estimate £1678000
Total Lots Sold 76
Total Lots Bought In 32
Buy In % 29.63%
Total Sale Proceeds £1485375

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

Detailed Breakdown
Low Total Lots 13
Total Low Lots Sold 11
Total Low Lots Bought In 2
Low Buy In % 15.38%
Aggregate High Estimate of Low Lots £51000
Total Proceeds from Low Lots £65125
Mid Total Lots 75
Total Mid Lots Sold 52
Total Mid Lots Bought In 23
Mid Buy In % 30.67%
Aggregate High Estimate of Mid Lots £827000
Total Proceeds from Mid Lots £722900
Total High Lots 20
Total High Lots Sold 13
Total High Lots Bought In 7
High Buy In % 35.00%
Aggregate High Estimate of High Lots £800000
Total Proceeds from High Lots £697350

The top lot by High estimate was lot 19, Peter Beard, Giraffes in mirage on the Taru Desert, Kenya for the End of the Game, June 1960, 1960/1997, at £50000-70000; it sold for £85875. The top outcome of the sale was lot 25, Peter Beard, Tsavo National Park, founded April Fool’s Day, 1948, 1968/1997, estimated at £40000-60000, sold at £103875.

97.37% of the lots that sold had proceeds in or above their estimate. There were a total of nine surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 1, Louise Dahl-Wolfe, Nude on beach, California, 1948/1988, estimated at £5000-7000, sold at £16250

Lot 2, Javier Vallhonrat, Inner edge, the Possessed Space, 1991, estimated at £2000-3000, sold at £10000

Lot 8, Helmut Newton, Henrietta, beginning of the Big Nudes, Vogue Studio, Paris, 1981, estimated at £6000-8000, sold at £22500

Lot 15, Horst P. Horst, Narcissus, O.B., N.Y., 1992, estimated at £8000-12000, sold at £27500

Lot 30, Andy Warhol, Self-portrait, 1986, estimated at £10000-15000, sold at £30000 (image at right, bottom, via Christie’s)

Lot 43, Josef Koudelka, Spain, 1979/later, estimated at £4000-6000, sold at £14375 (image at right, middle, via Christie’s)

Lot 78, Francesca Woodman, Untitled, Providence, Rhode Island, 1977/2008, estimated at £3000-5000, sold at £13750

Lot 89, Nick Brandt, Elephant group on bare earth, Amboseli, 2008, estimated at £15000-20000, sold at £55875

Lot 93, Marcus Lyon, Exodus VI, West Lamma Channel, South China Sea, 2011, estimated at £5000-7000, sold at £52275 (image at right, top, via Christie’s)

Complete lot by lot results can be found here.

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