Tuesday, November 23, 2010

Auction Results: Photographs, November 16, 2010 @Bonhams London

The results of the Photographs sale at Bonhams in London last week were generally uneventful, with a Buy-In rate over 40%, few positive surprises, and Total Sale Proceeds that missed the estimate range by a wide margin. Yawn.
The summary statistics are below (all results include the buyer’s premium):
Total Lots: 150
Pre Sale Low Total Estimate: £339300
Pre Sale High Total Estimate: £477000
Total Lots Sold: 83
Total Lots Bought In: 67
Buy In %: 44.67%
Total Sale Proceeds: £213900
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 130
Low Sold: 74
Low Bought In: 56
Buy In %: 43.08%
Total Low Estimate: £285000
Total Low Sold: £160020
Mid Total Lots: 19
Mid Sold: 9
Mid Bought In: 10
Buy In %: 52.63%
Total Mid Estimate: £162000
Total Mid Sold: £53880
High Total Lots: 1
High Sold: 0
High Bought In: 1
Buy In %: 100.00%
Total High Estimate: £30000
Total High Sold: £0
The top lot by High estimate was lot 43, Frantisek Drtikol, Nude Study, 1927, at £25000-30000; it did not sell. The top outcome of the sale was lot 143, Nick Brandt, Cheetah and Cubs, Masaai Mara, 2003, at £14400. (Image at right, top, via Bonhams.)
88.06% of the lots that sold had proceeds in or above their estimate. There were a total of 2 surprises in this sale (defined as having proceeds of at least double the high estimate):
Lot 25, André Villers, Picasso wearning Peruvian hat, c1960/Later, at £9000 (image at right, bottom, via Bonhams)
Lot 27, André Villers, Picasso with revolver and hat of Gary Cooper, Cannes, 1958/Later, at £4800
Complete lot by lot results can be found here.
101 New Bond Street
London W1S 1SR

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