Auction Results: Photographs & Photobooks, November 22, 2013 @Dreweatts & Bloomsbury

The results of the Photographs & Photobooks sale at Dreweatts & Bloomsbury last week in London were predictably soft, with a Buy-In rate that came in over 50% and Total Sale Proceeds that missed the low end of the pre-sale estimate range. More than a few positive surprises kept the search for inexpensive deals interesting.

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

Summary Statistics
Total Lots 273
Aggregate Pre Sale Low Estimate £381100
Aggregate Pre Sale High Estimate £533500
Total Lots Sold 129
Total Lots Bought In 144
Buy In % 52.75%
Total Sale Proceeds £242685

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

Detailed Breakdown
Low Total Lots 260
Total Low Lots Sold 124
Total Low Lots Bought In 136
Low Buy In % 52.31%
Aggregate High Estimate of Low Lots £378500
Total Proceeds from Low Lots £193085
Mid Total Lots 13
Total Mid Lots Sold 5
Total Mid Lots Bought In 8
Mid Buy In % 61.54%
Aggregate High Estimate of Mid Lots £155000
Total Proceeds from Mid Lots £49600
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 NA

The top lot by High estimate was lot 89, Robert Rauschenberg, Cracked Surface and Rivets I (from the Bleacher series), 1989, estimated at £20000-25000; it did not sell. The top outcome of the sale was lot 210, Nobuyoshi Araki, Untitled (Watermelon) from Colourscapes, 1991/2007, estimated at £12000-15000, sold at £14880.

82.17% of the lots that sold had proceeds in or above the estimate range, and there were a total of 8 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 2, Philip Klier, Album from India, Burma, and elsewhere, 1880-1920, estimated at £400-600, sold at £1240

Lot 7, Frank Sutcliffe, Fisher Folk, 1885, estimated at £200-300, sold at £682

Lot 16, Eadweard Muybridge, Double Amputation of Thighs, Boy, Plate 538, 1887, estimated at £400-600, sold at £1240

Lot 61, Robert Doisneau, Le Velo de Tati, 1949/later, estimated at £1800-2000, sold at £5952 (image above, right, via Dreweatts)

Lot 123, Lewis Morley, Christine Keeler, 1963/1995, estimated at £2000-3000, sold at £14260 (image above, left, via Dreweatts)

Lot 133, Elliott Erwitt, Cannes, France, 1975, estimated at £800-1200, sold at £3224

Lot 165, Martin Parr, Jubilee Street Party, Elland, 1977, estimated at £800-1200, sold at £2976 (image above, middle, via Dreweatts)

Lot 262, Hiroshi Sugimoto, Dioramas, Theaters, Seascapes, 1988, estimated at £600-800, sold at £1984

Complete lot by lot results can be found here.

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Read more about: Lewis Morley, Martin Parr, Robert Doisneau, Dreweatts & Bloomsbury Auctions

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