Auction Results: Postwar and Contemporary Photographs, September 28, 2017 @Sotheby’s

The results from Sotheby’s recent Postwar and Contemporary Photographs sale in New York were confidently solid. While there was a little softness in the top lots, the headline Thomas Struth print did sell and the overall Buy-In rate settled in at a respectable 25%. With a handful of positive surprises to pump up the numbers, the Total Sale Proceeds fell into the wide middle of the aggregate pre-sale range.

The summary statistics are below (all results include the buyer’s premium):

Summary Statistics
Total Lots 94
Aggregate Pre Sale Low Estimate $2103000
Aggregate Pre Sale High Estimate $3168000
Total Lots Sold 70
Total Lots Bought In 24
Buy In % 25.53%
Total Sale Proceeds $2486125

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 30
Total Low Lots Sold 20
Total Low Lots Bought In 10
Low Buy In % 33.33%
Aggregate High Estimate of Low Lots $250000
Total Proceeds from Low Lots $166125
Mid Total Lots 55
Total Mid Lots Sold 45
Total Mid Lots Bought In 10
Mid Buy In % 18.18%
Aggregate High Estimate of Mid Lots $1398000
Total Proceeds from Mid Lots $1207500
Total High Lots 9
Total High Lots Sold 5
Total High Lots Bought In 4
High Buy In % 44.44%
Aggregate High Estimate of High Lots $1520000
Total Proceeds from High Lots $1112500

The top lot by High estimate was lot 23, Thomas Struth, Mailänder Dom (Fassade), 1998, estimated at $300000-500000 (image in preview post); it sold for $456500. The top outcome of the sale was lot 62, Philip-Lorca diCorcia, A Storybook Life (The Complete Series), 2003, estimated at $250000-350000, sold at $468500.

87.14% of the lots that sold had proceeds in or above the estimate range and there were a total of 5 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Sotheby’s):

Lot 1, Thomas Struth, West Broadway, New York, Tribeca, 1978/2000, estimated at $20000-30000, sold at $68750

Lot 31, Thomas Struth, Pflanzen Nr. 22, 35, 67, and 70, 1992-1993, estimated at $10000-15000, sold at $37500

Lot 50, Vito Acconci, Hand & Mouth (Film Stills & Text), 1970, estimated at $8000-12000, sold at $26250

Lot 51, Helena Almeida, Inhabited Drawing, 1975, estimated at $10000-15000, sold at $37500

Lot 87, Roe Ethridge, Thanksgiving 1984 (Table), 2009, estimated at $6000-9000, sold at $20000 (image in preview post)

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Helena Almeida, Roe Ethridge, Thomas Struth, Vito Acconci, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

Larry Fink @Robert Mann

Larry Fink @Robert Mann

JTF (just the facts): A total of 18 black-and-white photographs, framed in black and matted, and hung against white walls in the single room gallery space. All of the works ... Read on.

Sign up for our weekly email newsletter