Auction Results: Photographs, May 20, 2016 @Christie’s London

Aside from some unexpected strength in the low priced lots, there wasn’t much news to be found in Christie’s recent various owner Photographs sale in London. The overall Buy-In rate hovered in the mid-30s and there were a number of positive surprises, the two combining to deliver Total Sale Proceeds that settled into the middle of the aggregate pre-sale range.

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

Summary Statistics
Total Lots 94
Aggregate Pre Sale Low Estimate £1414000
Aggregate Pre Sale High Estimate £1991000
Total Lots Sold 62
Total Lots Bought In 32
Buy In % 34.04%
Total Sale Proceeds £1661374

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

Detailed Breakdown
Low Total Lots 21
Total Low Lots Sold 20
Total Low Lots Bought In 1
Low Buy In % 4.76%
Aggregate High Estimate of Low Lots £86000
Total Proceeds from Low Lots £142125
Mid Total Lots 60
Total Mid Lots Sold 33
Total Mid Lots Bought In 27
Mid Buy In % 45.00%
Aggregate High Estimate of Mid Lots £730000
Total Proceeds from Mid Lots £531999
Total High Lots 13
Total High Lots Sold 9
Total High Lots Bought In 4
High Buy In % 30.77%
Aggregate High Estimate of High Lots £1175000
Total Proceeds from High Lots £987250

The top lot by High estimate was lot 72, Peter Beard, Heart Attack City, 1972/1998, estimated at £300000-400000 (image in preview post). It was also the top outcome of the sale at £434500.

98.39% of the lots that sold had proceeds in or above the estimate range and there were 11 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (image above via Christie’s):

Lot 8, Bert Stern, Twiggy, 1967, estimated at £1500-2500, sold at £5625

Lot 11, Helmut Newton, Self-portrait with Barbara Edwards, March, 1986, estimated at £3000-5000, sold at £10000

Lot 34, Shirin Neshat, Fervor Series, 2000, estimated at £12000-18000, sold at £47500

Lot 54, Irving Penn, Two fighting crickets, New York, July 12, 2005, estimated at £18000-25000, sold at £68500

Lot 61, Horst P. Horst, Round the Clock, 1987, estimated at £3000-5000, sold at £18125

Lot 63, William Klein, Hat + 5 Roses, Paris, Vogue, 1956/later, estimated at £3000-5000, sold at £10000

Lot 66, Francesco Scavullo, Janis Joplin, 1969, estimated at £1500-2500, sold at £16250

Lot 68, Bob Landry, Rita Hayworth, 1955, estimated at £1500-2500, sold at £7500

Lot 70, Bert Stern, Elizabeth Taylor as Cleopatra, 1962, estimated at £3000-5000, sold at £16250

Lot 71, Bert Stern, Marilyn Monroe, from ‘The Last Sitting’, 1969, estimated at £2000-3000, sold at £6250

Lot 86, Wolfgang Tillmans, Icestorm, 2001, estimated at £3000-5000, sold at £10000

The complete lot by lot results can be found here.

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Read more about: Bert Stern, Bob Landry, Francesco Scavullo, Helmut Newton, Horst P. Horst, Irving Penn, Shirin Neshat, William Klein, Wolfgang Tillmans, Christie's

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