Auction Results: Post War and Contemporary Art Evening and Day Auctions, October 4 and 5, 2018 @Christie’s London

With no photography lots in the Evening portion of Christie’s recent Post War and Contemporary Art auctions in London, the Day sale offerings were left to carry the photographic load. Led by a two-part work by John Baldessari, the Total Sale Proceeds (for photography) found their way to the upper end of the aggregate pre-sale estimate range. One of the positive surprises in the sale came from a print by Khadija Saye, who died in the recent Grenfell Tower fire.

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

Summary Statistics
Total Lots 13
Pre Sale Low Total Estimate £772000
Pre Sale High Total Estimate £1190000
Total Lots Sold 11
Total Lots Bought In 2
Buy In % 15.38%
Total Sale Proceeds £1009500

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 MA
Low Buy In % NA
Total Low Estimate £0
Total Low Sold £0
Mid Total Lots 4
Mid Sold 4
Mid Bought In 0
Mid Buy In % 0.00%
Total Mid Estimate £65000
Total Mid Sold £123750
Total High Lots 9
High Sold 7
High Bought In 2
High Buy In % 22.22%
Total High Estimate £1125000
Total High Sold £885750

The top photography lot by High estimate was lot 225, John Baldessari, Animal (Orange) Descending Upon Kneeling Figure (Green), 1990, estimated at £300000-500000; it was also the top photography outcome of the sales at £344750 (image above, via Christie’s).

100.00% of the photo lots that sold had proceeds in or above the estimate range and there were 2 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Christie’s):

Lot 267, Wolfgang Tillmans, Mental Picture #1, 2000, estimated at £15000-20000, sold at £52500

Lot 275, Khadija Saye, Nak Bejjen (from the series Dwelling: in the space we breathe), 2017, estimated at £10000-15000, sold at £43750

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

Read more about: John Baldessari, Khadija Saye, Wolfgang Tillmans, Christie's

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