There aren't many easy ways to sugar coat the results at Bloomsbury last week - it was a rough outing. Whether this was due to the material they collected, their place last in line after an exhausting run of AIPAD and the other auctions, the general economic malaise, or some combination of all three, the results were a dose of reality after a glimmer of optimism coming out of the big crowds at AIPAD. When half the lots fail to sell, it's a splash of very cold water.
The summary statistics are below:
Total Lots: 140
Pre Sale Low Total Estimate: $559900
Pre Sale High Total Estimate: $832200
Total Lots Sold: 70
Total Lots Bought In: 70
Buy In %: 50.00%
Total Sale Proceeds: $333304
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 132
Low Sold: 67
Low Bought In: 65
Buy In %: 49.24%
Total Low Estimate: $695200
Total Low Sold: $291214
Mid Total Lots: 8
Mid Sold: 3
Mid Bought In: 5
Buy In %: 62.50%
Total Mid Estimate: $137000
Total Mid Sold: $42090
High Total Lots: 0
High Sold: NA
High Bought In: NA
Buy In %: NA
Total High Estimate: NA
Total High Sold: NA
84.29% of the lots that sold had proceeds in or above the estimate range. While there were both photographs and photo books in this sale, they generally performed at about the same rate in terms of sell through. There were no surprises (defined as having proceeds of at least double the high estimate) in this sale.
Complete lot by lot results can be found here.
Bloomsbury Auctions
6 West 48th Street
New York, NY 10036
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