There wasn’t much photography on offer at the recent Post-War to Present sale at Christie’s in New York and the results for what was available weren’t particularly memorable. The top photo lot Robert Rauschenberg emulsion transfer sold within its estimate range, with little else of note talking place. When the tally was done, the Total Sale Proceeds for photography (of just under $120K) came in below the low end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 5 |
| Aggregate Pre Sale Low Estimate | $180000 |
| Aggregate Pre Sale High Estimate | $270000 |
| Total Lots Sold | 3 |
| Total Lots Bought In | 2 |
| Buy In % | 60.00% |
| Total Sale Proceeds | $88200 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| 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 | $0 |
| Mid Total Lots | 2 |
| Total Mid Lots Sold | 0 |
| Total Mid Lots Bought In | 2 |
| Mid Buy In % | 100.00% |
| Aggregate High Estimate of Mid Lots | $30000 |
| Total Proceeds from Mid Lots | $0 |
| Total High Lots | 3 |
| Total High Lots Sold | 2 |
| Total High Lots Bought In | 1 |
| High Buy In % | 33.33% |
| Aggregate High Estimate of High Lots | $240000 |
| Total Proceeds from High Lots | $118440 |
The top photography lot by High estimate was lot 158, Robert Rauschenberg, Round (Music) (Runt), 2007, estimated at $80000-120000; it was also the top photographic outcome at $88200 (image above, via Christie’s.)
Just 50% 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.
