Auction Results: Post-War to Present, March 10, 2022 @Christie’s

The photography results from the recent Post-War to Present sale at Christie’s in New York were generally uneventful. Of the relatively few photo lots on offer, the top lot Wolfgang Tillmans abstraction sold above its estimate range, leading to Total Sale Proceeds for photography (of roughly $495K) that fell squarely 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 9
Aggregate Pre Sale Low Estimate $397000
Aggregate Pre Sale High Estimate $592000
Total Lots Sold 7
Total Lots Bought In 2
Buy In % 22.22%
Total Sale Proceeds $495810

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 2
Total Low Lots Sold 2
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $17000
Total Proceeds from Low Lots $14490
Mid Total Lots 4
Total Mid Lots Sold 2
Total Mid Lots Bought In 2
Mid Buy In % 50.00%
Aggregate High Estimate of Mid Lots $125000
Total Proceeds from Mid Lots $90720
Total High Lots 3
Total High Lots Sold 3
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $450000
Total Proceeds from High Lots $390600

The top photography lot by High estimate was lot 315, Wolfgang Tillmans, Zero Gravity V, 2001, estimated at $120000-180000; it was also the top photography outcome in the sale at $201600 (image above, via Christie’s.)

85.71% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).

The complete lot by lot results can be found here.

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