The successful sale of two prints by Wolfgang Tillmans in the Evening session generally carried the photography in the recent Post-War and Contemporary Art auctions at Christie’s in London. There were no positive surprises among the photography and the overall Buy-In rate for the photographs wandered up toward 30%, but the Total Sale Proceeds still found their way to the middle of the aggregate pre-sale range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 21 |
| Aggregate Pre Sale Low Estimate | £1177000 |
| Aggregate Pre Sale High Estimate | £1702000 |
| Total Lots Sold | 15 |
| Total Lots Bought In | 6 |
| Buy In % | 28.57% |
| Total Sale Proceeds | £1390250 |
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 | 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 | 4 |
| Total Mid Lots Sold | 4 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | £52000 |
| Total Proceeds from Mid Lots | £55000 |
| Total High Lots | 17 |
| Total High Lots Sold | 11 |
| Total High Lots Bought In | 6 |
| High Buy In % | 35.29% |
| Aggregate High Estimate of High Lots | £1650000 |
| Total Proceeds from High Lots | £1335250 |
The top photography lot by High estimate was lot 43, Wolfgang Tillmans, Freischwimmer 120, 2006, estimated at £300000-400000 (image in preview post); it sold at £368750. The top photography outcome was lot 2, Wolfgang Tillmans, Paper Drop (Star), 2006, estimated at £200000-300000, sold at £392750 (image above, via Christie’s).
100.00% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sales (defined as having proceeds of at least double the high estimate).
The complete lot by lot results can be found here (Evening) and here (Day).
