Auction Results: Selections from the Baio Collection of Photography, April 15, 2010 @Christie’s

Sometimes the fate of an auction turns on the fight for just one lot. Such was the case with the single owner Baio Collection sale earlier today, where a skyrocketing Atget image (to more than 4.5 times its high estimate) helped push a sale that was heading for a normal, middle of the range kind of outcome into the joyful zone well above the total High estimate.

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

Total Lots: 120
Pre Sale Low Total Estimate: $735500
Pre Sale High Total Estimate: $1080500
Total Lots Sold: 86
Total Lots Bought In: 34
Buy In %: 28.33%
Total Sale Proceeds: $1425500

Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 98
Low Sold: 71
Low Bought In: 27
Buy In %: 27.55%
Total Low Estimate: $536500
Total Low Sold: $391500
Mid Total Lots: 21
Mid Sold: 14
Mid Bought In: 7
Buy In %: 33.33%
Total Mid Estimate: $394000
Total Mid Sold: $347500
High Total Lots: 1
High Sold: 1
High Bought In: 0
Buy In %: 00.00%
Total High Estimate: $150000
Total High Sold: $686500

The top lot by High estimate was lot 171, Eugène Atget, Joueur d’Orgue, 1898-1899, at $100000-150000; it was also the top outcome of the sale (by far) at $686500. (Image at right, top, via Christie’s.)
100.00% of the lots that sold had proceeds in or above the estimate range (not a single lot sold below the range, which is pretty unusual). There were a total of 7 surprises in this sale (defined as having proceeds of at least double the high estimate):
Lot 112, Loretta Lux, Paulin, 2002, at $30000 (image at right, via Christie’s)
Lot 151, Weegee, Summer, the Lower East Side, c1937, at $20000
Lot 166, Felix Gonzalez-Torres, Untitled, 1994, at $4000
Lot 171, Eugene Atget, Joueur d’Orgue, 1898-1899, at $686500
Lot 175, Laszlo Moholy-Nagy, The Water’s Edge (Hungarian Sea), c1929, at $52500
Lot 191, Will McBride, Mike with other students in the ‘shower’, Schlosschule Salem, 1963/1970s, at $6875
Lot 204, Philip-Lorca DiCorcia, Head #23, 2000, at $52500
Complete lot by lot results can be found here.
20 Rockefeller Plaza
New York, NY 10020

Send this article to a friend

Read more about: Eugène Atget, Loretta Lux, Christie's

Leave a comment

Your email address will not be published.

Recent Articles

Alex Prager, Part Two: Run @Lehmann Maupin

Alex Prager, Part Two: Run @Lehmann Maupin

JTF (just the facts): A total of 6 color photographs, framed in white and unmatted, and hung against white walls in the basement gallery space and on the second floor. ... Read on.

Sign up for our weekly email newsletter