Auction Results: Photography and Contemporary Art, May 31 and June 1, 2017 @Lempertz

With a Buy-In rate over 40%, the recent Photography and Contemporary Art sales at Kunsthaus Lempertz in Cologne struggled to generate momentum. A decent 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 221
Pre Sale Low Total Estimate NA
Pre Sale High Total Estimate €641700
Total Lots Sold 130
Total Lots Bought In 91
Buy In % 41.18%
Total Sale Proceeds €428414

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

Detailed Breakdown
Low Total Lots 205
Low Sold 122
Low Bought In 83
Low Buy In % 40.49%
Total Low Estimate €375700
Total Low Sold €291642
Mid Total Lots 14
Mid Sold 7
Mid Bought In 7
Mid Buy In % 50.00%
Total Mid Estimate €156000
Total Mid Sold €77252
Total High Lots 2
High Sold 1
High Bought In 1
High Buy In % 50.00%
Total High Estimate €110000
Total High Sold €59520

The top lot by High estimate was lot 23, August Sander, The painter Heinrich Hoerle, 1928/before 1953, estimated at €50000-70000 (image in preview post). It was also the top outcome of the sales at €59250.

Only 73.83% of the lots that sold had proceeds in or above the estimate range, but there were a total of 11 surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 5, Wilhelm von Gloeden, Untitled, c1900, estimated at €800, sold at €3348

Lot 6, Guglielmo (Wilhelm) Plüschow, Untitled, c1895, estimated at €800, sold at €4464

Lot 8, Guglielmo (Wilhelm) Plüschow, Untitled, c1895, estimated at €800, sold at €1612

Lot 9, Guglielmo (Wilhelm) Plüschow, Untitled, c1895, estimated at €800, sold at €5704

Lot 24, August Sander, Cinema Capitol, Cologne, c1930, estimated at €3500, sold at €16120

Lot 56, André Kertész, Chez Mondrian, Paris, 1926/1980s, estimated at €1500, sold at €3224

Lot 60, Hedda Hammer Morrison, China, 1933-1946, estimated at €1000-1200, sold at €5704

Lot 61, Hedda Hammer Morrison, Huà Shan, 1935, estimated at €800-1000, sold at €5952

Lot 124, Arno Fischer, Müritz, DDR, 1956/before 1998, estimated at €800, sold at €1612

Lot 138, Jock Sturges, Angela in Paris, France, 1984/1989, estimated at €900, sold at €1860

Lot 184, Jimmy Nelson, Idrish, Khairatkan. Nurkairath & Baskakhkan Ulaankhus, Bayan Oglii, Mongolia, 2011, estimated at €3000-4000, sold at €8680

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

André Kertész, Arno Fischer, August Sander, Guglielmo (Wilhelm) Plüschow, Hedda Hammer Morrison, Jimmy Nelson, Jock Sturges, Wilhelm von Gloeden, Kunsthaus Lempertz

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