The top photography lots found buyers and the rest of the photography on offer in Christie’s recent Post-War and Contemporary Art sales in London fared decently well, leading to Total Sale Proceeds that fell solidly in the middle of the pre-sale range. Not many surprises aside from Richter’s Betty, but not too bad for an early summer outing.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 38 |
| Aggregate Pre Sale Low Estimate | £1855000 |
| Aggregate Pre Sale High Estimate | £2726000 |
| Total Lots Sold | 29 |
| Total Lots Bought In | 9 |
| Buy In % | 23.68% |
| Total Sale Proceeds | £2326250 |
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 | NA |
| Mid Total Lots | 15 |
| Total Mid Lots Sold | 12 |
| Total Mid Lots Bought In | 3 |
| Mid Buy In % | 20.00% |
| Aggregate High Estimate of Mid Lots | £261000 |
| Total Proceeds from Mid Lots | £220000 |
| Total High Lots | 23 |
| Total High Lots Sold | 17 |
| Total High Lots Bought In | 6 |
| High Buy In % | 26.09% |
| Aggregate High Estimate of High Lots | £2465000 |
| Total Proceeds from High Lots | £2106250 |
The top lot by High estimate was lot 27, Andreas Gursky, Nha Trang, 2004, estimated at £300000-500000; it sold for £302500 (image in preview post). The top photography outcome of the two sales was lot 194, Gerhard Richter, Betty, 1991, estimated at £100000-150000; it sold for £314500.
93.10% of the lots that sold had proceeds in or above the estimate range and there was only 1 surprise in the sales (defined as having proceeds of at least double the high estimate):
Lot 194, Gerhard Richter, Betty, 1991, estimated at £100000-150000, sold at £314500 (image in preview post)
A near surprise (since we need an image to feature that we haven’t used already) was lot 199, Thomas Demand, Curtain, 2010, estimated at £25000-35000, sold at £56250 (image above, via Christie’s)
Complete lot by lot results can be found here (Evening) and here (Day).
