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
Pre Sale Low Total Estimate £799000
Pre Sale High Total 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
Low Sold NA
Low Bought In NA
Low Buy In % NA
Total Low Estimate £0
Total Low Sold £0
Mid Total Lots 3
Mid Sold 2
Mid Bought In 1
Mid Buy In % 33.33%
Total Mid Estimate £40000
Total Mid Sold £46250
Total High Lots 7
High Sold 6
High Bought In 1
High Buy In % 14.29%
Total High Estimate £1170000
Total High Sold £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).

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

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