Auction Results: Photographs, October 2, 2018 @Bonhams

The highest priced lots in the recent Photographs sale at Bonhams in New York fared poorly, and coupled with an overall Buy-In rate over 45%, it was inevitable that the final tally would be disappointing. While a handful of positive surprises did help a bit, the Total Sale Proceeds fell well below the low end of the aggregate pre-sale estimate.

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

Summary Statistics
Total Lots 138
Pre Sale Low Total Estimate $1087000
Pre Sale High Total Estimate $1604000
Total Lots Sold 75
Total Lots Bought In 63
Buy In % 45.65%
Total Sale Proceeds $646250

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 101
Low Sold 60
Low Bought In 41
Low Buy In % 40.59%
Total Low Estimate $593000
Total Low Sold $375000
Mid Total Lots 32
Mid Sold 14
Mid Bought In 18
Mid Buy In % 56.25%
Total Mid Estimate $651000
Total Mid Sold $227500
Total High Lots 5
High Sold 1
High Bought In 4
High Buy In % 80.00%
Total High Estimate $360000
Total High Sold $43750

The top lot by High estimate was lot 32, Richard Avedon, Charlie Chaplin, Leaving America, September 13, 1952, 1952, estimated at $80000-120000; it did not sell. The top outcome of the sale was lot 81, Ansel Adams, The Tetons and the Snake River, Grand Teton National Park, Wyoming, 1942/later, estimated at $30000-50000, sold at $60000.

90.67% of the lots that sold had proceeds in or above the estimate range and there were a total of 5 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (image above via Bonhams):

Lot 18, Griffith J. Davis, Untitled, 1940s, estimated at $2000-3000, sold at $6875

Lot 65, Herb Ritts, Madonna, True Blue, Hollywood, 1985, estimated at $5000-7000, sold at $15000

Lot 72, Dain Tasker, Tulips; Lily; and Strelitzia (Bird of Paradise), c1930, together estimated at $5000-7000, sold at $30000

Lot 102, Man Ray, George Cukor’s House and Garden, 1940-1949, estimated at $2500-3500, sold at $8125

Lot 114, Martine Franck, 12 year old Tulka Khentrul Lodro Rabsel with his tutor, Lhagyel, Shechen Monastery, Bodnath, Nepal, 1996/later, estimated at $2000-3000, sold at $6000

The complete lot by lot results can be found here.

Dr. Dain L. Tasker, Griffith J. Davis, Herb Ritts, Man Ray, Martine Franck, Bonhams

Leave a comment

Your email address will not be published.

Recent Articles

Ray Mortenson, Rocks: Diptychs, Panels and Details @L. Parker Stephenson

Ray Mortenson, Rocks: Diptychs, Panels and Details @L. Parker Stephenson

JTF (just the facts): A total of 9 black and white photographic works, framed in grey and unmatted, and hung against white walls in the main gallery space and the ... Read on.

Sign up for our weekly email newsletter