Auction Results: Photographs, October 28, 2014 @Bonhams

With help from a major positive surprise from David Wojnarowicz, the Photographs sale last week at Bonhams in New York found its way to a workmanlike result. Against an overall Buy-In rate just over 35%, the mid range lots fared just well enough to bring the Total Sale Proceeds over the line to catch 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 137
Aggregate Pre Sale Low Estimate $788000
Aggregate Pre Sale High Estimate $1141000
Total Lots Sold 89
Total Lots Bought In 48
Buy In % 35.04%
Total Sale Proceeds $789500

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

Detailed Breakdown
Low Total Lots 115
Total Low Lots Sold 70
Total Low Lots Bought In 35
Low Buy In % 30.43%
Aggregate High Estimate of Low Lots $740000
Total Proceeds from Low Lots $421375
Mid Total Lots 22
Total Mid Lots Sold 19
Total Mid Lots Bought In 3
Mid Buy In % 13.64%
Aggregate High Estimate of Mid Lots $401000
Total Proceeds from Mid Lots $368125
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 was lot 3, Ansel Adams, Moonrise, Hernandez, New Mexico, 1948/1972, estimated at $25000-35000; it sold for $35000. The top outcome of the sale was lot 118, David Wojnarowicz, Untitled (Buffaloes), 1988-1989, estimated at $20000-30000, sold at $125000 (image featured in preview post).

73.03% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 16, Arnold Genthe, After the San Francisco Earthquake, 1906/1920s, estimated at $3000-5000, sold at $16250 (image above, left, via Bonhams)

Lot 24, Margaret Bourke-White, Child in Augusta, Georgia, 1936, estimated at $5000-7000, sold at 18750 (image above, right, via Bonhams)

Lot 118, David Wojnarowicz, Untitled (Buffaloes), 1988-1989, estimated at $20000-30000, sold at $125000

Complete lot by lot results can be found here.

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Read more about: Arnold Genthe, Margaret Bourke-White, Bonhams

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