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.
