Auction Results: Post-War and Contemporary Art Evening, Morning, and Afternoon Sales, November 15 and 16, 2017 @Christie’s

The photography included in Christie’s Post-War and Contemporary Art sales in New York last week performed respectably. While there were only 2 positive surprises, the overall Buy-In rate for photography hovered near 20%, leading to Total Sale Proceeds that fell in 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 23
Pre Sale Low Total Estimate $2640000
Pre Sale High Total Estimate $3840000
Total Lots Sold 18
Total Lots Bought In 5
Buy In % 21.74%
Total Sale Proceeds $2925250

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 NA
Mid Total Lots 1
Mid Sold 0
Mid Bought In 1
Mid Buy In % 100.00%
Total Mid Estimate $40000
Total Mid Sold $0
Total High Lots 22
High Sold 18
High Bought In 4
High Buy In % 18.18%
Total High Estimate $3800000
Total High Sold $2925250

The top photography lot by High estimate was lot 911, Cindy Sherman, Untitled #85, 1981, estimated at $400000-600000 (image in preview post). It was also the top photography outcome of the sales at $396500.

83.33% of the 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):

Lot 835, Anselm Kiefer, Blutblume, 2001, estimated at $100000-150000, sold at $348500

Lot 872, Ed Ruscha, Gasoline Stations, 1962/1989, estimated at $60000-80000, sold at $200000

The complete lot by lot results can be found here (Evening), here (Morning), and here (Afternoon).

Read more about: Anselm Kiefer, Cindy Sherman, Ed Ruscha, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Stephan Keppel, Flat Finish

Stephan Keppel, Flat Finish

JTF (just the facts): Published by Fw:Books in 2017 (here). Softcover, 400 pages, with roughly 400 black and white and color photographs. In an edition of 500 copies. (Cover and ... Read on.

Sign up for our weekly email newsletter