Auction Results: Photographs, May 15, 2013 @Christie's London

The parade of Peter Beard prints in Christie's recent various owner Photographs sale in London held up well, pushing the Total Sale Proceeds for the auction solidly into the middle of the pre-sale estimate range. With an overall Buy-In rate under 30% and a number of positive surprises, the sale easily met expectations.

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

Total Lots: 108
Pre Sale Low Total Estimate: £1159000
Pre Sale High Total Estimate: £1678000
Total Lots Sold: 76
Total Lots Bought In: 32
Buy In %: 29.63%
Total Sale Proceeds: £1485375

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

Low Total Lots: 13
Low Sold: 11
Low Bought In: 2
Buy In %: 15.38%
Total Low Estimate: £51000
Total Low Sold: £65125

Mid Total Lots: 75
Mid Sold: 52
Mid Bought In: 23
Buy In %: 30.67%
Total Mid Estimate: £827000
Total Mid Sold: £722900

High Total Lots: 20
High Sold: 13
High Bought In: 7
Buy In %: 35.00%
Total High Estimate: £800000
Total High Sold: £697350

The top lot by High estimate was lot 19, Peter Beard, Giraffes in mirage on the Taru Desert, Kenya for the End of the Game, June 1960, 1960/1997, at £50000-70000; it sold for £85875. The top outcome of the sale was lot 25, Peter Beard, Tsavo National Park, founded April Fool's Day, 1948, 1968/1997, estimated at £40000-60000, sold at £103875.

97.37% of the lots that sold had proceeds in or above their estimate. There were a total of nine surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 1, Louise Dahl-Wolfe, Nude on beach, California, 1948/1988, estimated at £5000-7000, sold at £16250
Lot 2, Javier Vallhonrat, Inner edge, the Possessed Space, 1991, estimated at £2000-3000, sold at £10000
Lot 8, Helmut Newton, Henrietta, beginning of the Big Nudes, Vogue Studio, Paris, 1981, estimated at £6000-8000, sold at £22500
Lot 15, Horst P. Horst, Narcissus, O.B., N.Y., 1992, estimated at £8000-12000, sold at £27500
Lot 30, Andy Warhol, Self-portrait, 1986, estimated at £10000-15000, sold at £30000 (image at right, bottom, via Christie's)
Lot 43, Josef Koudelka, Spain, 1979/later, estimated at £4000-6000, sold at £14375 (image at right, middle, via Christie's)
Lot 78, Francesca Woodman, Untitled, Providence, Rhode Island, 1977/2008, estimated at £3000-5000, sold at £13750
Lot 89, Nick Brandt, Elephant group on bare earth, Amboseli, 2008, estimated at £15000-20000, sold at £55875
Lot 93, Marcus Lyon, Exodus VI, West Lamma Channel, South China Sea, 2011, estimated at £5000-7000, sold at 5£2275 (image at right, top, via Christie's)

Complete lot by lot results can be found here.

Christie's
8 King Street, St. James's
London SW1Y 6QT