The photography mixed into Christie’s Post-War and Contemporary Art auctions last week in London didn’t provide much in the way of drama. Only 2 of the 5 Gurskys on offer found buyers, and there were no photo lots that jumped to the unexpected positive surprise territory. As a result, the Total Sale Proceeds struggled to cover the low end of the pre sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 27 |
| Aggregate Pre Sale Low Estimate | £1404000 |
| Aggregate Pre Sale High Estimate | £2004000 |
| Total Lots Sold | 21 |
| Total Lots Bought In | 6 |
| Buy In % | 22.22% |
| Total Sale Proceeds | £1527500 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 0 |
| Total Low Lots Sold | 0 |
| Total Low Lots Bought In | 0 |
| Low Buy In % | NA |
| Aggregate High Estimate of Low Lots | £0 |
| Total Proceeds from Low Lots | NA |
| Mid Total Lots | 13 |
| Total Mid Lots Sold | 11 |
| Total Mid Lots Bought In | 2 |
| Mid Buy In % | 15.38% |
| Aggregate High Estimate of Mid Lots | £204000 |
| Total Proceeds from Mid Lots | £182500 |
| Total High Lots | 14 |
| Total High Lots Sold | 10 |
| Total High Lots Bought In | 4 |
| High Buy In % | 28.57% |
| Aggregate High Estimate of High Lots | £1800000 |
| Total Proceeds from High Lots | £1345000 |
The top lot by High estimate was lot 46, Andreas Gursky, Dubai World I, 2007, estimated at £300000-400000; it was also the top outcome of the two sales at £338500.
95.24% of the lots that sold had proceeds in or above the estimate range, and there were no surprises in the sales (defined as having proceeds of at least double the high estimate). (Lot 188, Candida Höfer, Kunsthaus Bregenz I, 1999, estimated at £10000-15000, sold at £23750, above via Christie’s.)
Complete lot by lot results can be found here (Evening) and here (Day).
