Auction Results: Shake It Up: Works from the Mario Testino Collection, September 13 and 14, 2017 @Sotheby’s London

Mario Testino’s name proved to be a solid provenance for the photographs found in the recent Shake It Up sales at Sotheby’s in London. With an overall Buy-In rate for the photography just above 25% and a few positive surprises across the two sales, the Total Sale Proceeds flirted with the top end of the aggregate pre-sale estimate.

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

Summary Statistics
Total Lots 62
Pre Sale Low Total Estimate £1618500
Pre Sale High Total Estimate £2296000
Total Lots Sold 45
Total Lots Bought In 17
Buy In % 27.42%
Total Sale Proceeds £2224500

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

Detailed Breakdown
Low Total Lots 6
Low Sold 3
Low Bought In 3
Low Buy In % 50.00%
Total Low Estimate £19000
Total Low Sold £12375
Mid Total Lots 37
Mid Sold 27
Mid Bought In 10
Mid Buy In % 27.03%
Total Mid Estimate £437000
Total Mid Sold £317125
Total High Lots 19
High Sold 15
High Bought In 4
High Buy In % 21.05%
Total High Estimate £1840000
Total High Sold £1895000

The top photography lot by High estimate was tied between two lots: lot 7, Richard Prince, Untitled (Girlfriend), 1993, and lot 12, Cindy Sherman, Untitled #145, 1985, both estimated at £250000-350000 (images in preview post). The Prince print was the top photography outcome of the sales at £554750, while the Sherman print sold at £272750.

77.78% of the lots that sold had proceeds in or above the estimate range, and there were a total of 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above via Sotheby’s):

Lot 120, Cindy Sherman, Untitled, 1989, estimated at £5000-7000, sold at £15000

Lot 150, Peter Fischli & David Weiss, Untitled, 1997-1998, estimated at £5000-7000, sold at £15000

Lot 151, Peter Fischli & David Weiss, Untitled, 1997-1998, estimated at £5000-7000, sold at £18750

The complete lot by lot results can be found here (Afternoon) and here (Day). The results of the Online sale are not available.

Read more about: Cindy Sherman, Peter Fischli and David Weiss, Sotheby's

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