Auction Results: Photography, with Modern and Contemporary Art Evening and Day, June 6 and 7, 2023 @Lempertz

A Buy-In rate above 50% dampened the results from the Photography and Contemporary Art sales at Lempertz in Cologne last week. With only one of the two top lots finding a buyer and just one positive surprise across the sales, there was little in the way of excitement, leading to Total Sale Proceeds for photography of roughly €430K, well below the aggregate pre-sale high estimate.

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

Summary Statistics
Total Lots 212
Aggregate Pre Sale Low Estimate €600400
Aggregate Pre Sale High Estimate €793400
Total Lots Sold 98
Total Lots Bought In 114
Buy In % 53.77%
Total Sale Proceeds €432684

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 196
Total Low Lots Sold 88
Total Low Lots Bought In 108
Low Buy In % 55.10%
Aggregate High Estimate of Low Lots €462400
Total Proceeds from Low Lots €222894
Mid Total Lots 16
Total Mid Lots Sold 10
Total Mid Lots Bought In 6
Mid Buy In % 37.50%
Aggregate High Estimate of Mid Lots €331000
Total Proceeds from Mid Lots €209790
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 73, Thomas Demand, Fotoecke/Photobooth, 2009, and lot 85, Hans Bellmer, Die Puppe. Erinnerungen zum Thema Puppe (10 prints), 1934, both estimated at €30000-40000; the Demand print did not sell and the Bellmer album was the top photography outcome of the sales at €52920 (image above via Lempertz).

79.59% of the lots that sold had proceeds in or above the estimate range, and there was just 1 positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Lempertz):

Lot 335, Joseph Beuys, La Rivoluzione siamo noi, 1972, estimated at €5000-7000, sold at €21420

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

Send this article to a friend

Read more about: Hans Bellmer, Joseph Beuys, Kunsthaus Lempertz

Leave a comment

Your email address will not be published.

Recent Articles

Auction Results: The Collection of Sir Elton John: Opening Night and The Day Sale, February 21, 22, and 23, 2024 @Christie’s

Auction Results: The Collection of Sir Elton John: Opening Night and The Day Sale, February 21, 22, and 23, 2024 @Christie’s

The photography included in the headliner Evening and Day sales from the collection of Sir Elton John at Christie’s in New York last week certainly capitalized on the rock star’s ... Read on.

Sign up for our weekly email newsletter