As expected, Sotheby’s single owner sale of select vintage material earlier this week performed extremely well. With prints from Weston ($908K), Steichen ($629K), Coburn ($605K), Man Ray ($485K), and Sheeler ($425K) all delivering top dollar prices and an overall Buy-In rate under 13%, it’s not at all surprising that the Total Sale Proceeds bested the top of the estimate range by nearly a million dollars.
The summary statistics are below (all results include the buyer’s premium):
|Aggregate Pre Sale Low Estimate||$2934000|
|Aggregate Pre Sale High Estimate||$4492000|
|Total Lots Sold||27|
|Total Lots Bought In||4|
|Buy In %||12.90%|
|Total Sale Proceeds||$5414750|
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
|Low Total Lots||3|
|Total Low Lots Sold||3|
|Total Low Lots Bought In||0|
|Low Buy In %||0.00%|
|Aggregate High Estimate of Low Lots||$24000|
|Total Proceeds from Low Lots||$35000|
|Mid Total Lots||7|
|Total Mid Lots Sold||6|
|Total Mid Lots Bought In||1|
|Mid Buy In %||14.29%|
|Aggregate High Estimate of Mid Lots||$198000|
|Total Proceeds from Mid Lots||$384375|
|Total High Lots||21|
|Total High Lots Sold||18|
|Total High Lots Bought In||3|
|High Buy In %||14.29%|
|Aggregate High Estimate of High Lots||$4270000|
|Total Proceeds from High Lots||$4995375|
The top lot by High estimate was lot 19, Man Ray, Rayograph (with Coil, Handkerchief, and Chain), 1924, estimated at $400000-600000; it sold for $485000. The top outcome of the sale was lot 12, Edward Weston, Shells, 1927, estimated at $300000-500000, sold at $905000 (image above, left, via Sotheby’s).
100.00% of the lots that sold had proceeds in or above the estimate range, and there were 2 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 6, Manuel Álvarez Bravo, Paisaje de Equitación, 1952, estimated at $30000-50000, sold at $106250 (image above, right, via Sotheby’s)
Lot 30, Robert Frank, Motorama, Los Angeles, 1956/1960s, estimated at $25000-35000, sold at $185000 (image above, middle, via Sotheby’s).
Complete lot by lot results can be found here.