Auction Results: Photographs Signature Auction, November 2, 2013 @Heritage Dallas

While Heritage was able to keep the overall Buy-In rate under 20% in its recent photographs sale, the prices achieved were on the soft side, with more than 55% of the lots that sold finding buyers below the pre-sale estimate range. As such, there were bargains to be had, and the Total Sale Proceeds fell below the aggregate target.


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

Summary Statistics
Total Lots 185
Aggregate Pre Sale Low Estimate $556600
Aggregate Pre Sale High Estimate $891200
Total Lots Sold 152
Total Lots Bought In 33
Buy In % 17.84%
Total Sale Proceeds $461116

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

Detailed Breakdown
Low Total Lots 169
Total Low Lots Sold 140
Total Low Lots Bought In 29
Low Buy In % 17.16%
Aggregate High Estimate of Low Lots $607200
Total Proceeds from Low Lots $355492
Mid Total Lots 16
Total Mid Lots Sold 12
Total Mid Lots Bought In 4
Mid Buy In % 25.00%
Aggregate High Estimate of Mid Lots $284000
Total Proceeds from Mid Lots $105624
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 74057, Irving Penn, Snow White and the Seven Dwarfs for Vogue, 1946, estimated at $25000-40000; it did not sell. The top outcome of the sale was lot 74164, Helmut Newton, Shoe, Monte Carlo, 1983/later, estimated at $6000-8000, sold at $18750 (image above, left, via Heritage.)

A slim 44.74% of the lots that sold had proceeds in or above the estimate range, and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 74053, Tom Kelley, Marilyn Monroe, Pose #2, 1949/1990, estimated at $1000-2000,sold at $6250 (image above, middle, via Heritage)

Lot 74125, Christopher Burkett, Morning Storm, Oregon, 1981/2001, estimated at $600-800, sold at $2125

Lot 74145, Roman Loranc, Absolution, 2004, estimated at $400-600, sold at $2000 (image above, right, via Heritage)

Lot 74164, Helmut Newton, Shoe, Monte Carlo, 1983/later, estimated at $6000-8000, sold at $18750

Complete lot by lot results can be found here.

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Read more about: Helmut Newton, Roman Loranc, Tom Kelley, Heritage Auctions

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