Galerie Bassenge followed up the solid auction results at Villa Grisebach with a somewhat softer outcome several days later. With a buy-in rate over 37%, the Total Sale Proceeds came in well under the Total High Estimate (Bassenge does not provide an estimate range, just a single estimate number, so this figure is used as the High estimate in our calculations). That said, the Total Sale Proceeds were approximately 100000€ higher than the results of Bassenge's various owner photographs sale earlier in the summer, so perhaps some optimism is warranted.
The summary statistics are below (all results include the buyer’s premium):
Total Lots: 448
Pre Sale High Total Estimate: 456130€
Total Lots Sold: 282
Total Lots Bought In: 166
Buy In %: 37.05%
Total Sale Proceeds: 356462€
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 443
Low Sold: 280
Low Bought In: 163
Buy In %: 36.79%
Total Low Estimate: 403130€
Total Low Sold: 326302€
Mid Total Lots: 5
Mid Sold: 2
Mid Bought In: 3
Buy In %: 60.00%
Total Mid Estimate: 53000€
Total Mid Sold: 30160€
High Total Lots: 0
High Sold: NA
High Bought In: NA
Buy In %: NA
Total High Estimate: 0€
Total High Sold: NA
The top lot by High estimate was lot 4095, Carl Ferdinand Stelzner, Portrait of Harro Harring, 1848, at 15000€; it was also the top outcome of the sale at 22040€.
Only 47.87% of the lots that sold had proceeds above the estimate. There were a staggering total of 37 surprises in this sale (defined as having proceeds of at least double the high estimate). For the sake of brevity, the list below only includes the 11 lots that had proceeds above 3000€:
Lot 4005, Leopoldo Alinari, Cathedral and Bapistry in Pisa, 1854, at 7540€
Lot 4006, Leopoldo Alinari, Art reproductions of Raphael frescoes, Siena, 1854, at 5104€
Lot 4020, Ceylon (Skeen & Co), Women and landscapes of Ceylon, 1870s, at 4176€
Lot 4022, China, Panoramic view of Shanghai, 1864, at 7540€
Lot 4025, Sebah and Joaillier, Views of Constantinople, 1880s, at 3248€
Lot 4033, Sylvester Dutton and Vince Michaels, Panoramic view of Canton, 1863, at 12760€
Lot 4131, Aenne Biermann, Self-portrait, 1931, at 11600€
Lot 4133, Ilse Bing, Self portrait with Leica, 1931/1988, at 5104€
Lot 4177, Harold Edgerton, The Turtledove, 1933, at 3248€
Lot 4224, Mangus Hirschfeld, Blocking Berliner Institut fur Sexualwissenschaft, 1933, at 8120€
Lot 4415, Edward Weston, Nautilus Shells, 1947, at 4872€
Complete lot by lot results can be found here.
Galerie Bassenge
Erdener Straße 5a
14193 Berlin
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