Auction Results: Photography, June 19, 2020 @Lempertz

The results from the Photography sale at Lempertz in Cologne last week were generally uneventful. The top lot NASA image found a buyer, as did a high priced Chargeshimer portfolio, and a handful of lower priced positive surprises added to the tally. But the overall Buy-In rate of roughly 37% dampened the momentum a bit, leading to Total Sale Procceds of roughly €300K, below the aggregate pre-sale high estimate.

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

Summary Statistics
Total Lots 165
Aggregate Pre Sale Low Estimate NA
Aggregate Pre Sale High Estimate €417100
Total Lots Sold 103
Total Lots Bought In 62
Buy In % 37.58%
Total Sale Proceeds €300377

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 161
Total Low Lots Sold 99
Total Low Lots Bought In 62
Low Buy In % 38.51%
Aggregate High Estimate of Low Lots €366100
Total Proceeds from Low Lots €243127
Mid Total Lots 4
Total Mid Lots Sold 4
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots €51000
Total Proceeds from Mid Lots €57250
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 €0

The top lot by High estimate was lot 576, NASA, Buzz Aldrin descends to the Lunar Surface, 1969, estimated at €15000-20000; it sold at €18750. The top outcome of the sale was lot 523, Chargesheimer, Lichtgrafik. Monoskripturen (10 prints), 1961, estimated at €10000-15000, sold at €25000 (image above via Lempertz).

84.47% of the lots that sold had proceeds in or above the estimate range, and there were a total of 5 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Lempertz):

Lot 454, Léonard Misonne, Paysage de Campine, 1910, estimated at €1600-1800, sold at €4000

Lot 501, André Kertész, Christopher Street, New York, 1950/later, estimated at €3300, sold at €7500

Lot 508, Yevgeni Chaldej, Berlin, May 2, 1945, 1945/1990s, estimated at €1000, sold at €2500

Lot 565, Marc Riboud, Nigeria Independance, 1960/later, estimated at €1200-1500, sold at €3500

Lot 605, Jan Saudek, Destiny walks down to the river carrying two innocent Children, 1970, estimated at €1000-1200, sold at €3000

The complete lot by lot results can be found here.

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Read more about: André Kertész, Chargesheimer, Jan Saudek, Léonard Misonne, Marc Riboud, Yevgeny Khaldei, Kunsthaus Lempertz

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