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).
