Auction Results: The Ginny Williams Collection: Part II (online), July 16, 2020 @Sotheby’s

The online portion of the The Ginny Williams Collection sale at Sotheby’s was sold without reserve (the main section results are here), so while the Buy-In rate for photography was zero, that doesn’t tell the whole story of the sale. While more than 40% of the lots that sold did so under their estimate ranges, the top lot Michel Rover work jumped into positive surprise range, helping to push the Total Sale Proceeds for photography to the top end of the aggregate pre-sale range.

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

Summary Statistics
Total Lots 31
Aggregate Pre Sale Low Estimate $186500
Aggregate Pre Sale High Estimate $275500
Total Lots Sold 31
Total Lots Bought In 0
Buy In % 0.00%
Total Sale Proceeds $276500

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

Detailed Breakdown
Low Total Lots 24
Total Low Lots Sold 24
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $129500
Total Proceeds from Low Lots $123375
Mid Total Lots 7
Total Mid Lots Sold 7
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots $146000
Total Proceeds from Mid Lots $153125
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 photography lot by High estimate was lot 56, Michal Rovner, Border No. 1, 1998, estimated at 30000-40000; it was also the top photography outcome of the sale at $81250 (image above via Sotheby’s.)

Only 58.06% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Sotheby’s):

Lot 21, Michal Rovner, Outside No. 14, 1991, estimated at $2000-3000, sold at $6875

Lot 55, Lina Bertucci, Diptych, 2001, estimated at $3000-5000, sold at $10625

Lot 56, Michal Rovner, Border No. 1, 1998, estimated at $30000-40000, sold at $81250

Lot 58, Sebastião Salgado, Chinstrap Penguins (Pygoscelis Antarctica), Deception Island, Antarctica (from Genesis), 2005, estimated at $7000-10000, sold at $21250

The complete lot by lot results can be found here.

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Read more about: Lina Bertucci, Michal Rovner, Sebastião Salgado, Sotheby's

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