Thursday, May 21, 2009

Auction Results: Photographies des XIX & XXème, May 6, 2009 @Yann Le Mouel

Yann Le Mouel's recent Photography sale in Paris achieved the weakest results so far this year amongst the major sales: over 60% of the lots were bought in and total proceeds were meaningfully less than half the total low estimate. There are likely some after sale bargains floating around, given how poorly this sale performed.

The discouraging summary statistics are below:

Total Lots: 315
Pre Sale Low Total Estimate: 480400€
Pre Sale High Total Estimate: 639800€

Total Lots Sold: 115
Total Lots Bought In: 200
Buy In %: 63.49%
Total Sale Proceeds: 172920€

Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):

Low Total Lots: 311
Low Sold: 112
Low Bought In: 199
Buy In %: 63.99%
Total Low Estimate: 571300€
Total Low Sold: 76200€

Mid Total Lots: 4
Mid Sold: 3
Mid Bought In: 1
Buy In %: 25.00%
Total Mid Estimate: 68500€
Total Mid Sold: 62300€

High Total Lots: 0
High Sold: NA
High Bought In: NA
Buy In %: NA
Total High Estimate: NA
Total High Sold: NA

90.43% of the lots that sold had proceeds in or above the estimate range, with an amazing 50.43% above. Clearly, the estimates were set low to attract bidders.

There were a total of six surprises (defined as having proceeds of at least double the high estimate) in this sale. Here's the list: Lot 16, La Commune, 1871, at 1440€, lot 21, Film - Magie Du fer Blanc, 1935 at 1200€, lot 49, Francois Kollar, Papier découpé de Paul Iribe, 1928 at 3240€, lot 75, Eli Lotar, Rostre de crevette, 1929, at 4320€, lot 147, Milton Greene, Nellie Nyad, 1952 at 12000€ and lot 279 Lucien Clerge, Roseaux, 1965 at 1560€,

Complete lot by lot results can be found here.

Yann Le Mouel
22, Rue Chauchat
75009 Paris

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