Auction Results: Post-War and Contemporary Art, September 24, 2013 @Christie’s South Kensington

The photography included in Christie’s Post-War and Contemporary Art sale last week in London didn’t offer much in the way of notable outcomes. With a Buy-In rate near 35% and Total Sale Proceeds that fell below the pre-sale range, uneventful is perhaps the best way to characterize this early season warm up.

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

Summary Statistics
Total Lots 43
Aggregate Pre Sale Low Estimate £309100
Aggregate Pre Sale High Estimate £463400
Total Lots Sold 28
Total Lots Bought In 15
Buy In % 34.88%
Total Sale Proceeds £274875

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 17
Total Low Lots Sold 14
Total Low Lots Bought In 3
Low Buy In % 17.65%
Aggregate High Estimate of Low Lots £56400
Total Proceeds from Low Lots £66375
Mid Total Lots 22
Total Mid Lots Sold 11
Total Mid Lots Bought In 11
Mid Buy In % 50.00%
Aggregate High Estimate of Mid Lots £237000
Total Proceeds from Mid Lots £85000
Total High Lots 4
Total High Lots Sold 3
Total High Lots Bought In 1
High Buy In % 25.00%
Aggregate High Estimate of High Lots £170000
Total Proceeds from High Lots £123500

The top lot by High estimate was lot 15, Helena Almeida, Pintura Habitada, 1976, at £40000-60000; it sold for £47475. The top outcome of the sale was lot 76, Andreas Gursky, Untitled X, 1999, estimated at £30000-50000, sold at £52275.

85.71% of the lots that sold had proceeds in or above the estimate range, and there were a total of 4 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 123, Wolfgang Tillmans, Dunst I, 2004, estimated at £1500-2000, sold at £5250

Lot 126, Steven Shearer, Kaleidoscope, 2001, estimated at £3000-5000, sold at £11875 (image above, right, via Christie’s)

Lot 170, Philip-Lorca diCorcia, Brent Booth, 21 Years Old, Des Moines, Iowa, $30, 1991-1992, estimated at £3000-5000, sold at £13750 (image above, middle, via Christie’s)

Lot 173, Andreas Gursky, Mülheim an der Ruhr, Angler, 1989, estimated at £3000-5000, sold at £16250 (image above, left, via Christie’s)

Complete lot by lot results can be found here.

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Read more about: Andreas Gursky, Philip-Lorca diCorcia, Steven Shearer, Christie's

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