Auction Results: Photographs & Photobooks, November 21, 2014 @Dreweatts & Bloomsbury

While Iain Macmillan’s iconic Abbey Road images soared to nearly £180000, that sale alone wasn’t enough to prop up the recent Photographs & Photobooks auction at Dreweatts & Bloomsbury in London. Fighting an Overall Buy-In rate over 50%, the Total Sale Proceeds worked hard to flirt with the low end of the pre-sale estimate range.

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

Summary Statistics
Total Lots 223
Aggregate Pre Sale Low Estimate £442950
Aggregate Pre Sale High Estimate £631100
Total Lots Sold 107
Total Lots Bought In 116
Buy In % 52.02%
Total Sale Proceeds £420373

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

Detailed Breakdown
Low Total Lots 204
Total Low Lots Sold 100
Total Low Lots Bought In 104
Low Buy In % 50.98%
Aggregate High Estimate of Low Lots £372100
Total Proceeds from Low Lots £188493
Mid Total Lots 18
Total Mid Lots Sold 6
Total Mid Lots Bought In 12
Mid Buy In % 66.67%
Aggregate High Estimate of Mid Lots £189000
Total Proceeds from Mid Lots £52080
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots £70000
Total Proceeds from High Lots £179800

The top lot by High estimate was lot 152, Iain Macmillan, The Abbey Road Session, The Complete Set, 8 August 1969, 1969/later, estimated at £50000-70000; it was also the top outcome of the sale at £179800 (image in the preview post).

80.37% of the lots that sold had proceeds in or above the estimate range and there were a total of 5 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 136, René Burri, Sao Paolo, Brazil, 1960/later, estimated at £2500-3500, sold at £7192 (image above, right, via Dreweatts & Bloomsbury)

Lot 144, Martin Parr, The Last Resort, 1983-1986/2002, estimated at £1500-2000, sold at £5952

Lot 152, Iain Macmillan, The Abbey Road Session, The Complete Set, 8 August 1969, 1969/later, estimated at £50000-70000, sold at £179800

Lot 182, Jonas Bendiksen, Villagers Collecting Scrap from a Crashed Space Craft, Altai Territory, 2000, estimated at £800-1200, sold at £2728 (image above, middle, via Dreweatts & Bloomsbury)

Lot 186, Valérie Belin, Têtes Couronnées #5, 2009, estimated at £3000-5000, sold at £13640 (image above, left, via Dreweatts & Bloomsbury)

Complete lot by lot results can be found here.

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Read more about: Jonas Bendiksen, René Burri, Valérie Belin, Dreweatts & Bloomsbury Auctions

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