Auction Results: Post-War & Contemporary Art Evening and Day Auctions, July 1 and 2, 2014 @Christie’s London

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).

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