A Richard Prince cowboy print did all the photographic heavy lifting at Christie’s recent Post-War to Present sale in New York. The rest of the photographic outcomes were underwhelming, with the Total Sale Proceeds for photography coming in just above the low end of the aggregate pre-sale estimate.
The summary statistics are below (all results include the buyer’s premium):
|Pre Sale Low Total Estimate||$948000|
|Pre Sale High Total Estimate||$1303000|
|Total Lots Sold||11|
|Total Lots Bought In||3|
|Buy In %||21.43%|
|Total Sale Proceeds||$962875|
Here is the breakdown (using our typical Low, Mid, and High definitions):
|Low Total Lots||1|
|Low Bought In||0|
|Low Buy In %||0.00%|
|Total Low Estimate||$5000|
|Total Low Sold||$6000|
|Mid Total Lots||8|
|Mid Bought In||2|
|Mid Buy In %||25.00%|
|Total Mid Estimate||$188000|
|Total Mid Sold||$124375|
|Total High Lots||5|
|High Bought In||1|
|High Buy In %||20.00%|
|Total High Estimate||$1110000|
|Total High Sold||$832500|
The top photographic lot by High estimate was lot 262, Richard Prince, Untitled (Cowboy), 1999, estimated at $600000-800000. It was also the top photographic outcome of the sale at $642500 (image above, via Christie’s).
Only 63.64% 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.