It was a disappointing outing for Dreweatts & Bloomsbury at its recent Photographs sale in London. With an overall Buy-In rate over 60% and few positive surprises, the Total Sale Proceeds failed to reach even £150K (less than half the low end of pre-sale range).
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 177 |
| Aggregate Pre Sale Low Estimate | £315650 |
| Aggregate Pre Sale High Estimate | £462650 |
| Total Lots Sold | 67 |
| Total Lots Bought In | 110 |
| Buy In % | 62.15% |
| Total Sale Proceeds | £146396 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 162 |
| Total Low Lots Sold | 63 |
| Total Low Lots Bought In | 99 |
| Low Buy In % | 61.11% |
| Aggregate High Estimate of Low Lots | £345650 |
| Total Proceeds from Low Lots | £115024 |
| Mid Total Lots | 15 |
| Total Mid Lots Sold | 4 |
| Total Mid Lots Bought In | 11 |
| Mid Buy In % | 73.33% |
| Aggregate High Estimate of Mid Lots | £117000 |
| Total Proceeds from Mid Lots | £31372 |
| Total High Lots | 0 |
| Total High Lots Sold | NA |
| Total High Lots Bought In | NA |
| High Buy In % | NA |
| Aggregate High Estimate of High Lots | £0 |
| Total Proceeds from High Lots | £0 |
The top lot by High estimate is tied between two lots: lot 151, Irving Penn, Woman in Balenciaga Coat (Lisa Fonssagrives-Penn), 1950/1960 and lot 158, Rineke Dijkstra, If/Then, 1998, both estimated at £10000-15000 or £12000-15000; the Penn sold for £9920 and the Dijkstra did not sell. The top outcome of the sale was lot 154, Valérie Belin, Tête Couronnée #1, 2009, estimated at £4000-6000, sold at £12400. (image above, via Dreweatts & Bloomsbury)
88.06% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 surprises in the sale (defined as having proceeds of at least double the high estimate): (images above, via Dreweatts & Bloomsbury)
Lot 5, Oscar Rejlander, Reverie Roses, c1860, estimated at £800-1200, sold at £3844
Lot 154, Valérie Belin, Tête Couronnée #1, 2009, estimated at £4000-6000, sold at £12400
Lot 170, Nan Goldin, The Ballad of Sexual Dependency (photobook), 1986, estimated at £200-300, sold at £600
Complete lot by lot results can be found here.
