Auction Results: Smile – Photographs and Photobooks from the 1960s, May 20, 2016 @Dreweatts & Bloomsbury

While the prints from Iain Macmillan’s Abbey Road session with the Beatles did find a buyer at the recent 1960s themed photography sale at Dreweatts & Bloomsbury in London, the same can’t be said for much of the rest of what was on offer. With an overall Buy-In rate pushing two thirds and almost no positive surprises, it was a rough outing to say the least. The Total Sale Proceeds came in at just over £100K, a pretty paltry figure for a well-publicized sale.

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

Summary Statistics
Total Lots 112
Aggregate Pre Sale Low Estimate £160200
Aggregate Pre Sale High Estimate £231050
Total Lots Sold 40
Total Lots Bought In 72
Buy In % 64.29%
Total Sale Proceeds £105626

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

Detailed Breakdown
Low Total Lots 109
Total Low Lots Sold 38
Total Low Lots Bought In 71
Low Buy In % 65.14%
Aggregate High Estimate of Low Lots £147050
Total Proceeds from Low Lots £38666
Mid Total Lots 2
Total Mid Lots Sold 1
Total Mid Lots Bought In 1
Mid Buy In % 50.00%
Aggregate High Estimate of Mid Lots £14000
Total Proceeds from Mid Lots £4960
Total High Lots 1
Total High Lots Sold 1
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots £70000
Total Proceeds from High Lots £62000

The top lot by High estimate was lot 20, Iain Macmillan, The Abbey Road Session, The Complete Set, 8 August 1969, 1969/later, estimated at £50000-70000 (image in preview post). It was also the top outcome of the sale at £62000.

80.00% of the lots that sold had proceeds in or above the estimate range and there was only 1 positive surprise in the sale (defined as having proceeds of at least double the high estimate) (image above via Dreweatts & Bloomsbury):

Lot 35, Ray Bellisario, Brigitte Bardot, 1968, estimated at £400-600, sold at £1600

The complete lot by lot results can be found here.

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Read more about: Ray Bellisario, Dreweatts & Bloomsbury Auctions

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