Auction Results: Photographs, October 5, 2017 @Sotheby’s

The various owner Photographs sale at Sotheby’s in New York last week bounced around to little consistent success. The sale began with a run of 53 daguerreotypes, of which only 20 found buyers, and things didn’t improve much from there. The overall Buy-In rate topped 45% and with only a handful of positive surprises to stem the tide, the Total Sale Proceeds fell meaningfully 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 200
Aggregate Pre Sale Low Estimate $3639000
Aggregate Pre Sale High Estimate $5542000
Total Lots Sold 109
Total Lots Bought In 91
Buy In % 45.50%
Total Sale Proceeds $2901375

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

Detailed Breakdown
Low Total Lots 87
Total Low Lots Sold 48
Total Low Lots Bought In 39
Low Buy In % 44.83%
Aggregate High Estimate of Low Lots $666000
Total Proceeds from Low Lots $394675
Mid Total Lots 96
Total Mid Lots Sold 54
Total Mid Lots Bought In 42
Mid Buy In % 43.75%
Aggregate High Estimate of Mid Lots $2336000
Total Proceeds from Mid Lots $1182250
Total High Lots 17
Total High Lots Sold 7
Total High Lots Bought In 10
High Buy In % 58.82%
Aggregate High Estimate of High Lots $2540000
Total Proceeds from High Lots $1324750

The top lot by High estimate was lot 189, Robert Frank, Charleston, S.C., 1955/1967-1968, estimated at $300000-500000; it was sold at $348500. The top outcome of the sale was lot 147, Philip Haas, John Quincy Adams, 1843, estimated at $150000-250000, sold at $360500 (both images in preview post).

77.98% 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) (images above via Sotheby’s):

Lot 21, Anonymous English Photographer, The English Daguerreotypist with a French Quarter-Plate Camera, late 1840s or early 1850s,  estimated at $7000-10000, sold at $21250

Lot 104, Imogen Cunningham, Unmade Bed, 1957/later, estimated at $6000-9000, sold at $27500

Lot 112, Ansel Adams, Moonrise, Hernandez, NM, 1941/1978, estimated at $25000-35000, sold at $81250

Lot 156, Berenice Abbott, Barclay Street, Hoboken Ferry, 1931, estimated at $5000-7000, sold at $16250

Lot 167, Régis Bossu, Kisses from Berlin, 1979, estimated at $5000-7000, sold at $18750

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Ansel Adams, Berenice Abbott, Imogen Cunningham, Régis Bossu, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

John Dowell, Cotton: Symbol of the Forgotten @Laurence Miller

John Dowell, Cotton: Symbol of the Forgotten @Laurence Miller

JTF (just the facts): A total of 26 color photographs, either framed in silver or unframed and pinned directly to the wall, hung against while walls in the two room ... Read on.

Sign up for our weekly email newsletter