Auction Results: Photographie, May 27 and 28, 2009 @Lempertz

The results of Lempertz' recent photography sale in Cologne joined the group of sales clustered at the bottom of the range this season, with a buy-in rate over 50% and total proceeds less than half the total High estimate (there is no total Low estimate in this case, given the way Lempertz provides estimates).

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

Total Lots: 238
Pre Sale High Total Estimate: 648450€

Total Lots Sold: 99
Total Lots Bought In: 139
Buy In %: 58.40%
Total Sale Proceeds: 310704€

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

Low Total Lots: 222
Low Sold: 91
Low Bought In: 131
Buy In %: 59.01%
Total Low Estimate: 460450€
Total Low Sold: 210864€

Mid Total Lots: 16
Mid Sold: 8
Mid Bought In: 8
Buy In %: 50.00%
Total Mid Estimate: 188000€
Total Mid Sold: 99840€

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

71.72% of the lots that sold had proceeds in or above the estimate range. There were a total of four surprises in this sale (defined as having proceeds of at least double the high estimate):

• lot 8, Julia Margaret Cameron, Charles Darwin, 1868, at 6000€
• lot 30, August Sander, Jungbauern, 1926/Later, at 2400€
• lot 37, Alexander Stocker, Im Taumel Der Geschwindigkeit!, 1920s, at 840€
• lot 207, Frank Darius, 4711, 1998, at 5880€

Complete lot by lot results can be found here.

Kunsthaus Lempertz
Neumarkt 3
50667 Koln