Auction Results: Post-War and Contemporary Art Day Sale, November 12, 2021 @Christie’s

The photography results from Christie’s recent Post-War & Contemporary Art Day Sale in New York were surprisingly strong. Led by a top photo lot David Wojnarowicz collaged work (which found a buyer at $500000) and supported by a white glove 0.00% Buy-In rate for photography, the Total Sale Proceeds for photography came in over $2.8M, well 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 18
Aggregate Pre Sale Low Estimate $1443000
Aggregate Pre Sale High Estimate $2035000
Total Lots Sold 18
Total Lots Bought In 0
Buy In % 0.00%
Total Sale Proceeds $2835000

Here is the breakdown (using our typical Low, Mid, and High 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 6
Total Mid Lots Sold 6
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots $185000
Total Proceeds from Mid Lots $278750
Total High Lots 12
Total High Lots Sold 12
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $1850000
Total Proceeds from High Lots $2556250

The top photography lot by High estimate was lot 373, David Wojnarowicz, Something from Sleep IV (Dream), 1988-1989, estimated at $180000-250000; it was also the top photography outcome of the sale at $500000 (image above, via Christie’s.)

88.89% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 305, Barbara Kruger, Untitled (Another artist, Another exhibition, Another gallery, Another magazine, Another review, Another career, Another life), 2003, estimated at $50000-70000, sold at $187500

Lot 320, Cindy Sherman, Untitled Film Still, 1977, estimated at $100000-150000, sold at $300000

Lot 364, Tseng Kwong Chi, Jean-Michel Basquiat, New York, 1987/2012, estimated at $15000-20000, sold at $125000

Lot 373, David Wojnarowicz, Something from Sleep IV (Dream), 1988-1989, estimated at $180000-250000, sold at $500000

The complete lot by lot results can be found here.

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