Wednesday, November 18, 2009

Auction Results: Photographs, November 10, 2009 @Bonhams

Even with a mixed batch of generally lower end material, the various owner photography sale at Bonhams last week performed solidly in line with the rest of the New York season, with Total Sale Proceeds covering the Total Low Estimate and a Buy-In Rate only a bit higher than the others (at just over 30%, but within striking distance of "normal").

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

Total Lots: 151
Pre Sale Low Total Estimate: $677100
Pre Sale High Total Estimate: $969300
Total Lots Sold: 105
Total Lots Bought In: 46
Buy In %: 30.46%
Total Sale Proceeds: $718641

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

Low Total Lots: 136
Low Sold: 92
Low Bought In: 44
Buy In %: 32.35%
Total Low Estimate: $660300
Total Low Sold: $431941

Mid Total Lots: 14
Mid Sold: 12
Mid Bought In: 2
Buy In %: 14.29%
Total Mid Estimate: $219000
Total Mid Sold: $176900

High Total Lots: 1
High Sold: 1
High Bought In: 0
Buy In %: 00.00%
Total High Estimate: $90000
Total High Sold: $109800

73.33% of the lots that sold had proceeds in or above their estimate. There were only two surprises in this sale (defined as having proceeds of at least double the high estimate):

Lot 37 Martin Munkacsi, Frida Kahlo and Diego Rivera, Mexico, 1934, at $23180
Lot 73 Henri Cartier-Bresson, Jumna River, Agra, India, 1948/Later, at $7320

The top lot by High estimate was lot 112 (also the cover lot) Edward Weston, Nude (Charis, Santa Monica), 1936, at $70000-90000; it was the top outcome of the sale at $109800.

Complete lot by lot results can be found here.

580 Madison Avenue
New York, NY 10022

No comments: