Monday, June 27, 2011

Auction Results: Photographies Modernes et Contemporaines, May 27, 2011 @Yann Le Mouel

The results of Yann Le Mouel's recent various owner photography sale in Paris were a decidedly mixed bag. While quite a few portraits of artists outperformed their estimates, the overall Buy-In rate was over 50% and the Total Sale Proceeds missed the range by a significant amount.

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

Total Lots: 342
Pre Sale Low Total Estimate: 551600€
Pre Sale High Total Estimate: 744200€
Total Lots Sold: 158
Total Lots Bought In: 184
Buy In %: 53.80%
Total Sale Proceeds: 368112€

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

Low Total Lots: 332
Low Sold: 155
Low Bought In: 177
Buy In %: 53.31%
Total Low Estimate: 592200€
Total Low Sold: 329112€

Mid Total Lots: 10
Mid Sold: 3
Mid Bought In: 7
Buy In %: 70.00%
Total Mid Estimate: 152000€
Total Mid Sold: 39000€

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 32, Jaromir Funke, Composition a la bouteille, 1925, at 20000-30000€; it did not sell. The top outcome of the sale was lot 136, Irving Penn, Pablo Picasso a la Californie, Cannes, 1957, at 15360€.
94.94% of the lots that sold had proceeds in or above the estimate range. There were a total of 12 surprises in this sale (defined as having proceeds of at least double the high estimate):

Lot 63, Francois Kollar, Le port du Paris, 1931, at 4200€ (image at right, bottom, via Yann Le Mouel)
Lot 122, Alexander Calder, 6 portraits de l'artiste, 1958-1967, at 1800€
Lot 125, Hans Arp, Portrait de l'artiste, 1958, at 660€
Lot 136, Irving Penn, Pablo Picasso a la Californie, Cannes, 1957, at 15360€
Lot 156, Alfred Manessier, Portrait du peintre, 1952, at 660€
Lot 167, Marcel Duchamp, Marcel Duchap avant Grand Verre, 1961, at 1800€
Lot 171, Matta, 2 portraits de l'artiste, 1958, at 1020€
Lot 172, Alberto Giacometti, 4 portraits de l'artiste, 1963, at 2400€
Lot 173, Alexander Liberman, Portrait d'Alberto Giacometti, 1950, at 3240€
Lot 197, William Klein, Courreges Mini-robe et Panatalon, 1965, at 3480€ (image at right, top, via Yann Le Mouel)
Lot 211, Irving Penn, Duke Ellington, New York, 1955, at 6120€
Lot 223, Gisele Freund, Le Corbusier dans son atelier, 1961, at 2400€ (image at right, middle, via Yann Le Mouel)

Complete lot by lot results can be found here.

Yann Le Mouel
22, Rue Chauchat
75009 Paris

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