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
Aggregate Pre Sale Low Estimate £1618500
Aggregate Pre Sale High 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
Total Low Lots Sold 3
Total Low Lots Bought In 3
Low Buy In % 50.00%
Aggregate High Estimate of Low Lots £19000
Total Proceeds from Low Lots £12375
Mid Total Lots 37
Total Mid Lots Sold 27
Total Mid Lots Bought In 10
Mid Buy In % 27.03%
Aggregate High Estimate of Mid Lots £437000
Total Proceeds from Mid Lots £317125
Total High Lots 19
Total High Lots Sold 15
Total High Lots Bought In 4
High Buy In % 21.05%
Aggregate High Estimate of High Lots £1840000
Total Proceeds from High Lots £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.

Send this article to a friend

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

Leave a comment

Your email address will not be published.

Recent Articles

Harry Gruyaert @Howard Greenberg

Harry Gruyaert @Howard Greenberg

JTF (just the facts): A total of 31 color photographs, framed in black and matted, and hung against light grey walls in the main gallery space, the book alcove, and ... Read on.

Sign up for our weekly email newsletter