Auction Results: Post-War and Contemporary Art Evening and Day Auctions, March 6 and 7, 2018 @Christie’s London

While the photographic offerings at Christie’s recent Post-War and Contemporary Art auctions in London were relatively thin (only 10 lots), the works on offer did perform solidly. Led by an Andreas Gursky nightclub print and four Robert Mapplethorpe self-portraits that all found buyers, the Total Sale Proceeds found their way to the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 10
Aggregate Pre Sale Low Estimate £799000
Aggregate Pre Sale High Estimate £1210000
Total Lots Sold 8
Total Lots Bought In 2
Buy In % 20.00%
Total Sale Proceeds £993750

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 3
Total Mid Lots Sold 2
Total Mid Lots Bought In 1
Mid Buy In % 33.33%
Aggregate High Estimate of Mid Lots £40000
Total Proceeds from Mid Lots £46250
Total High Lots 7
Total High Lots Sold 6
Total High Lots Bought In 1
High Buy In % 14.29%
Aggregate High Estimate of High Lots £1170000
Total Proceeds from High Lots £947500

The top photography lot by High estimate was lot 39, Andreas Gursky, Cocoon II, 2008, estimated at £350000-550000; it was also the top photography outcome of the sale at £428750 (image above, via Christie’s).

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

Lot 214, Gerhard Richter, Abstractes Bild (P1), 2014, estimated at £6000-8000, sold at £30000

Complete lot by lot results can be found here (Evening) and here (Day).

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Read more about: Andreas Gursky, Gerhard Richter, Christie's

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