Auction Results: Photography, November 21, 2015 @Artcurial

Given that Artcurial’s various owner photography sale was originally scheduled for November 14, the day after the Paris attacks, the auction was delayed a week and took place on November 21. This unforeseen rescheduling certainly put a major damper on the bidder interest in the sale, and the overall Buy-In rate for the week-later sale came in at nearly 65%. Similarly, the Total Sale Proceeds missed the low end of the pre-sale estimate by a wide margin.

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

Summary Statistics
Total Lots 118
Aggregate Pre Sale Low Estimate €645400
Aggregate Pre Sale High Estimate €894500
Total Lots Sold 43
Total Lots Bought In 76
Buy In % 64.41%
Total Sale Proceeds €332050

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

Detailed Breakdown
Low Total Lots 78
Total Low Lots Sold 29
Total Low Lots Bought In 49
Low Buy In % 62.82%
Aggregate High Estimate of Low Lots €276500
Total Proceeds from Low Lots €109740
Mid Total Lots 37
Total Mid Lots Sold 13
Total Mid Lots Bought In 24
Mid Buy In % 64.86%
Aggregate High Estimate of Mid Lots €438000
Total Proceeds from Mid Lots €172770
Total High Lots 3
Total High Lots Sold 1
Total High Lots Bought In 2
High Buy In % 66.67%
Aggregate High Estimate of High Lots €120000
Total Proceeds from High Lots €49540

The top lot by High estimate was lot 60, Erwin Blumenfeld, Manina Blumenfeld, 14 ans, 1932/1949, estimated at €40000-60000; it did not sell. The top outcome of the sale was lot 57, Man Ray, L’Etoile de Mer, 1928, estimated at €40000-50000, sold at €49540. (image in preview post)

95.35% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Artcurial):

Lot 3, Berenice Abbott, Manhattan Bridge, Walking, New York, 1936/later, estimated at €3500-4500, sold at €14300

Lot 122, Liu Bolin, Hiding in France, 2011, estimated at €6000-8000, sold at €18200

Complete lot by lot results can be found here.

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Read more about: Berenice Abbott, Liu Bolin, Man Ray, Artcurial

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