Auction Results: Photographs, November 19, 2015 @Dreweatts & Bloomsbury

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.

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Read more about: Oscar Rejlander, Valérie Belin, Dreweatts & Bloomsbury Auctions

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