Auction Results: The Gift of Photographs, December 12, 2023 @Bonhams (online)

The recent online sale of gift-worthy photography at Bonhams didn’t elicit much in the way of generosity. With an overall Buy-In rate over 53% and just a couple of positive surprises, the Total Sale Proceeds (of roughly $190K) didn’t threaten the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 181
Aggregate Pre Sale Low Estimate $487400
Aggregate Pre Sale High Estimate $711500
Total Lots Sold 85
Total Lots Bought In 96
Buy In % 53.04%
Total Sale Proceeds $193818

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 171
Total Low Lots Sold 83
Total Low Lots Bought In 88
Low Buy In % 51.46%
Aggregate High Estimate of Low Lots $489500
Total Proceeds from Low Lots $170138
Mid Total Lots 10
Total Mid Lots Sold 2
Total Mid Lots Bought In 8
Mid Buy In % 80.00%
Aggregate High Estimate of Mid Lots $222000
Total Proceeds from Mid Lots $23680
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots $0
Total Proceeds from High Lots $0

The top lot by High estimate was tied between two lots, both estimated at $30000-40000: lot 334, David Yarrow, Rajasthan, Ranthambore National Park, India, 2019, and lot 358, Guy Bourdin, Mousehole, Charles Jourdan, Autumn 1979, 1979/later; neither lot sold. The top outcome of the sale was lot 335, Steve McCurry, Afghan Girl, Peshawar, Pakistan, 1984/2015, estimated at $10000-15000, sold at $15360 (image above, via Bonhams.)

Just 64.71% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Bonhams):

Lot 311, Frank Horvat, Jardin des Modes, Paris, Halles A (Tan Arnold at Chien qui Fume), 1955/1995, estimated at $1000-1500, sold at $6400

Lot 455, Hollis Frampton & Marion Faller, Selected Images (from ‘Vegetable Locomotion’), 1975, estimated at $1000-1500, sold at $3328

The complete lot by lot results can be found here.

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Read more about: Frank Horvat, Hollis Frampton, Steve McCurry, Bonhams

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