Auction Results: Important Photographs from the Collection of Dr. Anthony Terrana, April 2 and 3, 2013 @Phillips New York

Phillips can certainly be pleased with the outcome of the Anthony Terrana single owner photographs sale. Interest was strong across all three price levels, the overall Buy-In rate hovered near 15%, and the Total Sale Proceeds nearly reached the High estimate, powered by a solid number of positive surprises.

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

Total Lots: 165
Pre Sale Low Total Estimate: $3718500
Pre Sale High Total Estimate: $5400000
Total Lots Sold: 140
Total Lots Bought In: 25
Buy In %: 15.15%
Total Sale Proceeds: $5053750

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

Low Total Lots: 78
Low Sold: 72
Low Bought In: 6
Buy In %: 7.69%
Total Low Estimate: $533000
Total Low Sold: $677625

Mid Total Lots: 64
Mid Sold: 50
Mid Bought In: 14
Buy In %: 21.88%
Total Mid Estimate: $1452000
Total Mid Sold: $1348125

High Total Lots: 23
High Sold: 18
High Bought In: 5
Buy In %: 21.74%
Total High Estimate: $3415000
Total High Sold: $3028000

The top lot by High estimate was tied between lot 12, Alfred Stieglitz, Georgia O'Keeffe, 1919 (image at right, top, via Phillips), and lot 19, Irving Penn, Harlequin Dress (Lisa Fonssagrives-Penn), 1950, both estimated at $300000-500000. The Stieglitz sold for $302500 and the Penn sold for $290500. The top outcome of the sale was lot 28, Diane Arbus, Identical Twins Cathleen and Colleen, Roselle, NJ, 1967, estimated at $180000-220000, sold at $602500 (image at right, top, via Phillips).

92.14% of the lots that sold had proceeds in or above the estimate range. There were a total of 18 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 3, Francesca Woodman, Untitled, Providence, Rhode Island, 1975-1978, estimated at $25000-35000, sold at $86500
Lot 7, Laszlo Moholy-Nagy, Lyon Stadium, 1929. estimated at $90000-120000, sold at $278500
Lot 18, Herb Ritts, Versace Dress, Back View, El Mirage, 1990, estimated at $20000-30000, sold at $68500
Lot 20, Robert Polidori, Galerie Basse, Chateau de Versailles, 1985, estimated at $18000-22000, sold at $45000
Lot 28, Diane Arbus, Identical Twins Cathleen and Colleen, Roselle, NJ, 1967, estimated at $180000-220000, sold at $602500
Lot 29, Angela Strassheim, Untitled (Father & Son), 2004, estimated at $10000-15000, sold at $35000
Lot 137, Pieter Hugo, Abdullahi Mohammed with Mainsara, Ogere-Remo, Nigeria, from Gadawan Kura, The Hyena Men II, 2007, estimated at $10000-15000, sold at $40000
Lot 41, Martine Franck, Children's Library Built by the Atelier Montrouge, Clamart, France, 1965/later, estimated at $2000-3000, sold at $6875
Lot 45, Lewis Hine, Tenement Product, Chicago, 1907/1920s, estimated at $6000-8000, sold at $52500 (image at right, middle, via Phillips)
Lot 67, Edward Steichen, The Flatiron Evening, 1905, estimated at $5000-7000, sold at $23750
Lot 98, Masao Yamamoto, Selected images from A Box of Ku and Nakazora, 1990-2002, estimated at $6000-8000, sold at $18750
Lot 101, Lynn Davis, Red Pyramid, Dashur, Cairo, Egypt, 1997, estimated at $7000-9000, sold at $20000
Lot 108, Nobuyoshi Araki, Untitled, 1990-2000, estimated at $3000-4000, sold at $11250
Lot 114, Sally Mann, Untitled from Deep South, 1998, estimated at $7000-9000, sold at $26250
Lot 130, Ryan McGinley, Whirlwind, 2003, estimated at $5000-7000, sold at $15000
Lot 140, Mickalene Thomas, Afro Goddess Lover's Friend, 2006, estimated at $8000-10000, sold at $23750
Lot 158, Alex Prager, Annie, 2007, estimated at $5000-7000, sold at $30000 (image at right, bottom, via Phillips)
Lot 159, Alex Prager, Wendy from Week-End, 2009, estimated at $7000-9000, sold at $21875

Complete lot by lot results can be found here.

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