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
Aggregate Pre Sale Low Estimate $1155000
Aggregate Pre Sale High 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
Total Low Lots Sold 17
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $91000
Total Proceeds from Low Lots $70250
Mid Total Lots 22
Total Mid Lots Sold 21
Total Mid Lots Bought In 1
Mid Buy In % 4.55%
Aggregate High Estimate of Mid Lots $496000
Total Proceeds from Mid Lots $489375
Total High Lots 5
Total High Lots Sold 4
Total High Lots Bought In 1
High Buy In % 20.00%
Aggregate High Estimate of High Lots $1080000
Total Proceeds from High Lots $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.

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Read more about: Diane Arbus, Christie's

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