Auction Results: Post-War to Present, September 27, 2019 @Christie’s

The photography results at Christie’s recent Post-War to Present sale in New York were generally uneventful. The top lot John Baldessari print did find a buyer, but with just one positive surprise otherwise, the Total Sale Proceeds for photography fell near 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 15
Aggregate Pre Sale Low Estimate $360000
Aggregate Pre Sale High Estimate $530000
Total Lots Sold 11
Total Lots Bought In 4
Buy In % 26.67%
Total Sale Proceeds $373125

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 10
Total Mid Lots Sold 7
Total Mid Lots Bought In 3
Mid Buy In % 30.00%
Aggregate High Estimate of Mid Lots $210000
Total Proceeds from Mid Lots $136875
Total High Lots 5
Total High Lots Sold 4
Total High Lots Bought In 1
High Buy In % 20.00%
Aggregate High Estimate of High Lots $320000
Total Proceeds from High Lots $236250

The top photography lot by High estimate was lot 344, John Baldessari, Horizontal Series: Perplexed, 2003, estimated at $60000-80000; it was also the top photography outcome of the sale at $102500 (image above, via Christie’s).

90.914% of the lots that sold had proceeds in or above the estimate range and there was just one positive surprise in the sale (defined as having proceeds of at least double the high estimate):

Lot 427, Cy Twombly, Light Flowers (Two Works), 2008, estimated at $15000-20000, sold at $40000 (image above, via Christie’s)

The complete lot by lot results can be found here.

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Read more about: Cy Twombly, John Baldessari, Christie's

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