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.

Send this article to a friend

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

Leave a comment

Your email address will not be published.

Recent Articles

Anselm Kiefer, Punctum @Gagosian

Anselm Kiefer, Punctum @Gagosian

JTF (just the facts): A total of 25 photographic works, generally framed in steel and unmatted, and hung against white walls in the two room gallery space. The following works ... Read on.

Sign up for our weekly email newsletter