Auction Results: Photographs, October 15, 2013 @Christie’s South Kensington

In a sale full of lower priced material, even a flurry of positive surprises can’t offset a few fall outs among the top lots. This was the case earlier this week in London, where a handful of higher priced passes weighed down the results of the various owner Photographs sale. In the end, the Total Sale Proceeds struggled to cover the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 142
Aggregate Pre Sale Low Estimate £563500
Aggregate Pre Sale High Estimate £821400
Total Lots Sold 103
Total Lots Bought In 39
Buy In % 27.46%
Total Sale Proceeds £570104

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

Detailed Breakdown
Low Total Lots 95
Total Low Lots Sold 74
Total Low Lots Bought In 21
Low Buy In % 22.11%
Aggregate High Estimate of Low Lots £208400
Total Proceeds from Low Lots £206729
Mid Total Lots 43
Total Mid Lots Sold 27
Total Mid Lots Bought In 16
Mid Buy In % 37.21%
Aggregate High Estimate of Mid Lots £483000
Total Proceeds from Mid Lots £303375
Total High Lots 4
Total High Lots Sold 2
Total High Lots Bought In 2
High Buy In % 50.00%
Aggregate High Estimate of High Lots £130000
Total Proceeds from High Lots £60000

The top lot by High estimate was tied between two lots: lot 119, Ansel Adams, Portfolio Two: The National Parks and Monuments, 1950, and lot 138, David LaChapelle, Exposures of Luxury, 2009, both estimated at £25000-35000; they each sold for £30000 and were tied for the top outcome of the sale.

93.20% of the lots that sold had proceeds in or above the estimate range, and there were a total of 15 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 2, George Rodger, Wrestler, Korongo Nuba of Kordofan, South Sudan, 1949, estimated at £700-900, sold at £2750

Lot 4, Henri Cartier-Bresson, On the Banks of the Seine, 1960s, estimated at £2000-3000, sold at £6875

Lot 7, Robert Doisneau, Picasso, 1950s, estimated at £500-700, sold at £2000

Lot 19, Sergio Larrain, Chile (8 prints), 1960s, estimated at £2000-3000, sold at £13125

Lot 20, Phillip Jones-Griffiths, Outside Pentonville Gaol After a Hanging, 1958, estimated at £600-800, sold at £1750

Lot 21, Hans Hammarskiold, Various images, London, c1960, estimated at £1000-1500, sold at £3000

Lot 29, Cecil Beaton, Sailors, 1940s, estimated at £600-800, sold at £1750 (image above, middle, via Christie’s)

Lot 35, Gianni Berengo Gardin, Italian Landscape and People (19 prints), 1950s, estimated at £2500-3500, sold at £7500

Lot 46, Aart Klein, Homing Man, Bolonga, 1974, estimated at £600-800, sold at £1625

Lot 61, Frank Horvat, Evening Dress fro L’Officiel, 1989/2008, estimated at £1500-2000, sold at £4000 (image above, right, via Christie’s)

Lot 87, Bob Carlos Clarke, After Theda Bara as Cleopatra, 1986, estimated at £1500-2500, sold at £5250

Lot 99, Andre De Dienes, Marilyn Monroe, Tobey Beach, 1949, estimated at £700-900, sold at £2500

Lot 108, David Bailey, Michael Caine, 1965/1989, estimated at £4000-6000, sold at £16250 (image above, left, via Christie’s)

Lot 109, Chris Smith, Ali Versus the Beatles, 1964/later, estimated at £3000-5000, sold at £13750

Lot 114, Alberto Korda, Guerrillero Heroico, 1960/later, estimated at £2000-3000, sold at £7500

Complete lot by lot results can be found here.

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