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
Pre Sale Low Total Estimate NA
Pre Sale High Total 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
Low Sold 106
Low Bought In 73
Low Buy In % 40.78%
Total Low Estimate €414300
Total Low Sold €289850
Mid Total Lots 20
Mid Sold 13
Mid Bought In 7
Mid Buy In % 35.00%
Total Mid Estimate €265000
Total Mid Sold €314340
Total High Lots 2
High Sold 2
High Bought In 0
High Buy In % 0.00%
Total High Estimate €80000
Total High Sold €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).

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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