Auction Results: Post-War and Contemporary Art Day Sale, March 2, 2022 @Christie’s London

While there were no photography lots included in any of the evening sales at Christie’s in London last week (20th/21st Century: Shanghai Evening, 20th/21st Century: London Evening, and The Art of the Surreal Evening), the photo works on offer in the Post-War and Contemporary Art Day Sale performed quite well. The top lot Andreas Gursky image found a buyer within its range, and a recent Anne Collier print more than quadrupled its high estimate. With just a few passed photo lots, the Total Sales Proceeds for photography (of roughly £530K) came in just above the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 15
Aggregate Pre Sale Low Estimate £374000
Aggregate Pre Sale High Estimate £529000
Total Lots Sold 12
Total Lots Bought In 3
Buy In % 20.00%
Total Sale Proceeds £535500

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 0
Total Low Lots Sold NA
Total Low Lots Bought In NA
Low Buy In % NA
Aggregate High Estimate of Low Lots £0
Total Proceeds from Low Lots £0
Mid Total Lots 9
Total Mid Lots Sold 7
Total Mid Lots Bought In 2
Mid Buy In % 22.22%
Aggregate High Estimate of Mid Lots £154000
Total Proceeds from Mid Lots £229320
Total High Lots 6
Total High Lots Sold 5
Total High Lots Bought In 1
High Buy In % 16.67%
Aggregate High Estimate of High Lots £375000
Total Proceeds from High Lots £306180

The top photography lot by High estimate was lot 240, Andreas Gursky, Copan, 2002, estimated at £150000-200000; it was also the top photography outcome of the sales at £189000 (image above, via Christie’s).

100.00% of the photo lots that sold had proceeds in or above the estimate range and there was just 1 positive surprise in the sale (defined as having proceeds of at least double the high estimate) (image above, via Christie’s):

Lot 306, Anne Collier, Woman Crying (Comic) #162019, estimated at £18000-25000, sold at £100800

Complete lot by lot results can be found here.

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Read more about: Andreas Gursky, Anne Collier, Christie's

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