The photographic results from the recent Post-War and Contemporary Art Day sale at Christie’s in London were generally underwhelming. A photographic work by Anselm Kiefer took the top lot honors at the low end of its estimate range, but with no positive surprises, the Total Sale Proceeds for photography came in at just over £280K, below the low end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
|Aggregate Pre Sale Low Estimate||£347000|
|Aggregate Pre Sale High Estimate||£551000|
|Total Lots Sold||8|
|Total Lots Bought In||3|
|Buy In %||27.27%|
|Total Sale Proceeds||£288750|
Here is the breakdown (using our usual Low, Mid, and High price tier definitions):
|Low Total Lots||1|
|Total Low Lots Sold||1|
|Total Low Lots Bought In||0|
|Low Buy In %||0.00%|
|Aggregate High Estimate of Low Lots||£5000|
|Total Proceeds from Low Lots||£2500|
|Mid Total Lots||6|
|Total Mid Lots Sold||5|
|Total Mid Lots Bought In||1|
|Mid Buy In %||16.67%|
|Aggregate High Estimate of Mid Lots||£66000|
|Total Proceeds from Mid Lots||£30000|
|Total High Lots||4|
|Total High Lots Sold||2|
|Total High Lots Bought In||2|
|High Buy In %||50.00%|
|Aggregate High Estimate of High Lots||£480000|
|Total Proceeds from High Lots||£256250|
The top photography lot by High estimate was lot 579, Anselm Kiefer, Des Meeres und der Liebe Wellen (Waves of love and the sea), 2011, estimated at £150000-250000; it was also the top photography outcome of the sale at £156250 (image above, via Christie’s).
Just 62.50% of the photography lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).
Complete lot by lot results can be found here.