Auction Results: Photographs, May 17, 2018 @Christie’s London

It was a workmanlike outing at the recent Photographs sale at Christie’s in London. While the overall Buy-In rate creeped up toward 30%, there were enough positive surprises to keep the momentum up, leading to Total Sale Proceeds that hit the middle of the aggregate pre-sale estimate range. A Robert Mapplethorpe double portrait took the top lot honors.

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

Summary Statistics
Total Lots 121
Pre Sale Low Total Estimate £1345000
Pre Sale High Total Estimate £1893000
Total Lots Sold 86
Total Lots Bought In 35
Buy In % 28.93%
Total Sale Proceeds £1578875

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

Detailed Breakdown
Low Total Lots 22
Low Sold 15
Low Bought In 7
Low Buy In % 31.82%
Total Low Estimate £97000
Total Low Sold £76875
Mid Total Lots 81
Mid Sold 59
Mid Bought In 22
Mid Buy In % 27.16%
Total Mid Estimate £902000
Total Mid Sold £820750
Total High Lots 18
High Sold 12
High Bought In 6
High Buy In % 33.33%
Total High Estimate £894000
Total High Sold £681250

The top lot by High estimate was lot 63, Robert Mapplethorpe, Ken Moody and Robert Sherman, 1984, estimated at £70000-90000. It was also the top outcome of the sale at £118750 (image above, via Christie’s).

97.67% of the lots that sold had proceeds in or above the estimate range and there were a total of 7 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Christie’s):

Lot 42, Torbjørn Rødland, Nudist no. 8, 1999, estimated at £2500-3500, sold at £8125

Lot 47, Pieter Hugo, Mummy Ahmadu and Mallam Mantari Lamal with Mainasara, Abuja, Nigeria, 2005, estimated at £15000-20000, sold at £56250

Lot 62, Irving Penn, Nude 151, 1950/1976, estimated at £10000-15000, sold at £35000

Lot 84, Daniele Tamagni, Willy Covary, 2007, estimated at £3000-5000, sold at £10625

Lot 115, Malick Sidibé, Nuit de Noel (Happy-club), 1963/2002, estimated at £4000-6000, sold at £15000

Lot 117, Tim Flach, Ya Yun Elegant, 2012/2017, estimated at £12000-18000, sold at £40000

Lot 119, Nick Brandt, Zebras Turning Heads, Ngorongoro Crater, 2005, estimated at £3000-5000, sold at £10625

The complete lot by lot results can be found here.

Read more about: Daniele Tamagni, Irving Penn, Malick Sidibé, Nick Brandt, Pieter Hugo, Robert Mapplethorpe, Tim Flach, Torbjorn Rødland, Christie's

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