Auction Results: The Inventive Eye: Photographs from a Private Collection, April 1, 2014 @Sotheby’s

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):

Summary Statistics
Total Lots 31
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):

Detailed Breakdown
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.

Send this article to a friend

Read more about: Edward Weston, Manuel Álvarez Bravo, Robert Frank, Sotheby's

Leave a comment

Your email address will not be published.

Recent Articles

Gösta Peterson, Photographs 1960s-1970s @Deborah Bell

Gösta Peterson, Photographs 1960s-1970s @Deborah Bell

JTF (just the facts): A total of 34 black-and-white and color photographs, variously framed and matted, and hung against white malls in the main gallery space and in the rear ... Read on.

Sign up for our weekly email newsletter