Auction Results: Post-War and Contemporary Art Evening and Day Auctions, October 6 and 7, 2017 @Christie’s London

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
Pre Sale Low Total Estimate £1177000
Pre Sale High Total 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
Low Sold NA
Low Bought In NA
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 £52000
Total Mid Sold £55000
Total High Lots 17
High Sold 11
High Bought In 6
High Buy In % 35.29%
Total High Estimate £1650000
Total High Sold £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).

Read more about: Wolfgang Tillmans, Christie's

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