Auction Results: Photography and Contemporary Art, December 1 and 2, 2017 @Lempertz

With a Buy-In rate just under 40%, the recent Photography and Contemporary Art sales at Kunsthaus Lempertz in Cologne struggled to generate consistent momentum. A significant number of positive surprises added some energy, but the Total Sale Proceeds ended up falling below the aggregate pre-sale high estimate.

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

Summary Statistics
Total Lots 201
Aggregate Pre Sale Low Estimate NA
Aggregate Pre Sale High Estimate €759300
Total Lots Sold 121
Total Lots Bought In 80
Buy In % 39.80%
Total Sale Proceeds €671150

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

Detailed Breakdown
Low Total Lots 179
Total Low Lots Sold 106
Total Low Lots Bought In 73
Low Buy In % 40.78%
Aggregate High Estimate of Low Lots €414300
Total Proceeds from Low Lots €289850
Mid Total Lots 20
Total Mid Lots Sold 13
Total Mid Lots Bought In 7
Mid Buy In % 35.00%
Aggregate High Estimate of Mid Lots €265000
Total Proceeds from Mid Lots €314340
Total High Lots 2
Total High Lots Sold 2
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots €80000
Total Proceeds from High Lots €66960

The top lot by High estimate was tied between two lots: lot 80, Robert Frank, Elevator – Miami Beach, 1955/before 1989, and lot 645, In Sook Kim, Saturday Night, 2007/2010, both estimated at €30000-40000. The Frank print sold at €34720 and the Kim print sold at €32240. The top outcome of the sales was lot 816, Candida Höfer, Bibliothèque Sainte-Geneviève Paris II, 1997, estimated at €8000-10000, €sold at 52080 (image above via Lempertz).

Only 76.86% of the lots that sold had proceeds in or above the estimate range, but there were a total of 19 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 6, Wilhelm von Gloeden, Untitled, 1890s, estimated at €1500-2000, sold at €4216

Lot 14, Hans Watzek, Mountain Landscape, c1900, estimated at €3000-4000, sold at €19840

Lot 20, Heinz Hajek-Halke, Das Eva-Chanson, 1928-1932, estimated at €6000-8000, sold at €18600

Lot 22, Anton Stankowski, Foto-Auge (Foto-Eye), 1927, estimated at €600, sold at €6448

Lot 24, Kurt Kranz, Bauhaus Fassaden (Bauhaus facades), 1930, estimated at €1200, sold at €2728

Lot 25, Heinz Loew, Untitled, 1930s, estimated at €400, sold at €2108

Lot 31, Various, Convolut of the exhibition ‘Dammerstock-Siedlung. Die Gebrauchswohnung’, 1929, estimated at €8000-10000, sold at €29760

Lot 35, Bauatelier Walter Gropius, Untitled, early 1920s, estimated at €1000, sold at €3224

Lot 71, Anneliese Hager, Photogram, 1945-1949, estimated at €1200, sold at €2976

Lot 93, Adolf Rossi, Racers, c1960, estimated at €800, sold at €2480

Lot 101, Janine Niepce, Nu juvenile, Paris, 1958/later, estimated at €900, sold at €1860

Lot 102, Jeanloup Sieff, Paris, 1981, estimated at €1200-1500, sold at €4464

Lot 111, Mario Giacomelli, Pretini, 1961-1963/later, estimated at €2000-2500, sold at €6448

Lot 143, Jock Sturges, Fanny, Montalivet, France, 1995, estimated at €800, sold at €1612

Lot 146, Daido Moriyama, Hiroshima (from the series: Cities), 1971, estimated at €1200, sold at €3472

Lot 157, Miroslav Tichý, Untitled, 1950s-1980s, estimated at €1800-2000, sold at €4216

Lot 635, Andreas Gursky, Schwimmbad Ratingen, 1987, estimated at €18000-22000, sold at €49600

Lot 816, Candida Höfer, Bibliothèque Sainte-Geneviève Paris II, 1997, estimated at €8000-10000, €sold at 52080

Lot 823, Darren Almond, Fukushima. Sesshu II (from the series: Fullmoon), 2006/2009, estimated at €8000, sold at €21080

The complete lot by lot results can be found here (Photography), here (Contemporary Art I), and here (Contemporary Art II).

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Read more about: Adolf Rossi, Andreas Gursky, Anneliese Hager, Anton Stankowski, Candida Höfer, Daido Moriyama, Darren Almond, Hans Watzek, Heinz Hajek-Halke, Heinz Loew, Janine Niepce, Jeanloup Sieff, Jock Sturges, Kurt Kranz, Mario Giacomelli, Miroslav Tichý, Wilhelm von Gloeden, Kunsthaus Lempertz

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