Auction Results: The Yamakawa Collection of Twentieth Century Photographs, April 6, 2018 @Christie’s

Christie’s got the spring auction season for photography started in New York last week with its single owner sale drawn from the Yamakawa collection. Heavy on classic images by well known photographers, the sale perfomed admirably. Diane Arbus’ A box of ten photographs was the top outcome at just under $800K, setting a record for Arbus, albeit with a portfolio not a single print. With an overall Buy-In rate under 5%, the Total Sale Proceeds came in just above the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 44
Pre Sale Low Total Estimate $1155000
Pre Sale High Total Estimate $1667000
Total Lots Sold 42
Total Lots Bought In 2
Buy In % 4.55%
Total Sale Proceeds $1683375

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

Detailed Breakdown
Low Total Lots 17
Low Sold 17
Low Bought In 0
Low Buy In % 0.00%
Total Low Estimate $91000
Total Low Sold $70250
Mid Total Lots 22
Mid Sold 21
Mid Bought In 1
Mid Buy In % 4.55%
Total Mid Estimate $496000
Total Mid Sold $489375
Total High Lots 5
High Sold 4
High Bought In 1
High Buy In % 20.00%
Total High Estimate $1080000
Total High Sold $1123750

The top lot by High estimate was lot 23, Diane Arbus, A box of ten photographs, 1970, estimated at $500000-700000; it was also the top outcome of the sale at $792500 (image above via Christie’s).

83.33% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sale (defined as having proceeds of at least double the high estimate).

The complete lot by lot results can be found here.

Diane Arbus, Christie's

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