Auction Results: Photographs (online), May 20, 2021 @Sotheby’s London

The recent online Photographs sale at Sotheby’s in London didn’t generate much heat. Led by a top lot Helmut Newton diptych which didn’t sell, the glamour heavy selection suffered from a too high Buy-In rate (near 39%), and too few positive surprises (3) to pick up the slack. In the end, the Total Sale Proceeds came in at roughly £620K, below 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 93
Aggregate Pre Sale Low Estimate £677200
Aggregate Pre Sale High Estimate £990000
Total Lots Sold 57
Total Lots Bought In 36
Buy In % 38.71%
Total Sale Proceeds £619164

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 23
Total Low Lots Sold 15
Total Low Lots Bought In 8
Low Buy In % 34.78%
Aggregate High Estimate of Low Lots £90000
Total Proceeds from Low Lots £61488
Mid Total Lots 65
Total Mid Lots Sold 41
Total Mid Lots Bought In 24
Mid Buy In % 36.92%
Aggregate High Estimate of Mid Lots £725000
Total Proceeds from Mid Lots £500976
Total High Lots 5
Total High Lots Sold 1
Total High Lots Bought In 4
High Buy In % 80.00%
Aggregate High Estimate of High Lots £175000
Total Proceeds from High Lots £56700

The top lot by High estimate was lot 5, Helmut Newton, ‘Walking Women’, Dressed and Naked (diptych), French Vogue, Paris, 1981, 1981, estimated at £30000-50000; it did not sell. The top outcome of the sale was lot 25, Peter Beard, ‘Magritte Rammé and World Record Cow Elephant Tusk’, Montauk Point, 1976, 1976, estimated at £25000-35000, sold at £56700 (image above, via Sotheby’s).

94.74% 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) (images above, via Sotheby’s):

Lot 31, Nick Brandt, ‘Leopard in Crook of Tree’, Nakuru, 2007, estimated at £7000-10000, sold at £25200

Lot 38, Bert Stern, ‘Marilyn Monroe Orange Roses’, (From the Last Sitting For Vogue), 1962, 1962/2010, estimated at £3000-5000, sold at £12600

Lot 93, Russell James, ‘Kendall Running’, Santa Barbara Beach, 2018, estimated at £7000-10000, sold at £35280

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Bert Stern, Nick Brandt, Peter Beard, Russell James, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

Larry Fink @Robert Mann

Larry Fink @Robert Mann

JTF (just the facts): A total of 18 black-and-white photographs, framed in black and matted, and hung against white walls in the single room gallery space. All of the works ... Read on.

Sign up for our weekly email newsletter