Auction Results: Photography, June 1, 2022 @Grisebach

While nearly a dozen positive surprises buoyed the results of the recent Photography sale at Grisebach in Berlin last week, softness in the middle and high price tiers ultimately kept the sale down. Only two of the top nine lots found buyers, leading to Total Sale Proceeds (of roughly €335K) that came in below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 104
Aggregate Pre Sale Low Estimate €401800
Aggregate Pre Sale High Estimate €568000
Total Lots Sold 66
Total Lots Bought In 38
Buy In % 36.54%
Total Sale Proceeds €335750

Here is the breakdown (using our typical Low, Mid, and High definitions). Given recent currency fluctuations, we have once again re-adapted our local currency thresholds to match roughly $10000 and $50000 break points between categories.

Detailed Breakdown
Low Total Lots 93
Total Low Lots Sold 62
Total Low Lots Bought In 31
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots €309000
Total Proceeds from Low Lots €249500
Mid Total Lots 10
Total Mid Lots Sold 4
Total Mid Lots Bought In 6
Mid Buy In % 60.00%
Aggregate High Estimate of Mid Lots €189000
Total Proceeds from Mid Lots €86250
Total High Lots 1
Total High Lots Sold 0
Total High Lots Bought In 1
High Buy In % 100.00%
Aggregate High Estimate of High Lots €70000
Total Proceeds from High Lots €0

The top lot by High estimate was lot 2105, David Yarrow, Convolute “The Gary Player African Wildlife Collection” (6 prints), 2012/2016, estimated at €50000-70000; it did not sell. The top outcome of the sale was lot 2094, Slim Aarons, Poolside Pairs, 1970/2022, estimated at €8000-10000, sold at €25000 (image above, via Grisebach).

96.97% of the lots that sold had proceeds in or above the estimate range and there were a total of 11 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Grisebach):

Lot 2022, Helen Levitt, N.Y., 1971/1996, estimated at €700-900, sold at €2500

Lot 2025, Helen Levitt, N.Y., c1942/later, estimated at €2000-3000, sold at €6250

Lot 2030, Louis Stettner, Penn Station, 1958/later, estimated at €1200-1500, sold at €3250

Lot 2041, Koji Onaka, Asahi Toyama, # 10, from the series S.[hort] T.[rip] A[gain], 2013/2018, estimated at €1000-1500, sold at €4000

Lot 2053, David Hockney, My Parents, Bradford, July, 1975/1976, estimated at €1200-1600, sold at €3750

Lot 2073, Ralph Gibson, From the series Déjà-vu, 1972, estimated at €1000-1500, sold at €3125

Lot 2084, David Hockney, Peter Showering, Paris, July, 1975/1976, estimated at €1200-1600, sold at €8125

Lot 2085, Daniel Josefsohn, Lieber Helmut, lieber George, ich wollte auch mal mit der Eisenbahn spielen, 2008/2016, estimated at €1500-2500, sold at €5000

Lot 2094, Slim Aarons, Poolside Pairs, 1970/2022, estimated at €8000-10000, sold at €25000

Lot 2096, Joel Meyerowitz, Porch Series Provincetown, 1977, estimated at €800-1000, sold at €5000

Lot 2103, Dieter Appelt, Die Befreiung der Finger, from the series Erinnerungsspur (6 prints), 1977-1979, estimated at €7000-9000, sold at €23750

Complete lot by lot results can be found here.

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Read more about: Daniel Josefsohn, David Hockney, Dieter Appelt, Helen Levitt, Joel Meyerowitz, Koji Onaka, Louis Stettner, Ralph Gibson, Slim Aarons, Grisebach

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