Thanks to the Robert Mapplethorpe Calla Lily at right, the overall results of the recent Heritage various owner photographs sale in Dallas came out much better than they otherwise might have. Heritage continues to suffer from a large percentage of its lots (roughly two thirds in this case) selling below their estimate range. But with the help of the Mapplethorpe more than tripling its high estimate, the Total Sale Proceeds came in close to the bottom of the range.The summary statistics are below (all results include the buyer’s premium):
Total Lots: 202
Pre Sale Low Total Estimate: $500000
Pre Sale High Total Estimate: $732400
Total Lots Sold: 137
Total Lots Bought In: 65
Buy In %: 32.18%
Total Sale Proceeds: $490237
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 190
Low Sold: 138
Low Bought In: 62
Buy In %: 32.63%
Total Low Estimate: $420400
Total Low Sold: $167322
Mid Total Lots: 11
Mid Sold: 8
Mid Bought In: 3
Buy In %: 27.27%
Total Mid Estimate: $262000
Total Mid Sold: $278103
High Total Lots: 1
High Sold: 1
High Bought In: 0
Buy In %: 0.00%
Total High Estimate: $50000
Total High Sold: $44813
The top lot by High estimate was lot 74167, Herb Ritts, Stephanie, Cindy, Christy, Tatjana, Naomi, Hollywood, 1989, at $30000-50000; it sold for $44813. The top outcome of the sale was lot 74132, Robert Mapplethorpe, Calla Lily, 1984, at $131450. (Image at right, top, via Heritage.)
A disappointing 62.77% of the lots that sold had proceeds below their estimate. There were a total of three surprises in this sale (defined as having proceeds of at least double the high estimate):
Lot 74091, George Hurrell, Shannon Tweed, 1995, at $1135
Lot 74132, Robert Mapplethorpe, Calla Lily, 1984, at $131450
Lot 74146, Helmut Newton, Another World... of dressing, 1983, at $3107
Complete lot by lot results can be found here.
Heritage Auctions
Design District Annex
1518 Slocum Street
Dallas, TX 75207
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