Monday, March 29, 2010

Auction Results: Fine Photographs, March 23, 2010 @Swann

The results of Swann's various owner photographs sale were altogether uneventful, with a buy-in rate over 35% and total sale proceeds that missed the estimate range by a pretty wide margin. Over 40% of the lots that did sell came in below the low estimate.

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

Total Lots: 137
Pre Sale Low Total Estimate: $723900
Pre Sale High Total Estimate: $1052200
Total Lots Sold: 87
Total Lots Bought In: 50
Buy In %: 36.50%
Total Sale Proceeds: $556602

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

Low Total Lots: 115
Low Sold: 76
Low Bought In: 39
Buy In %: 33.91%
Total Low Estimate: $559200
Total Low Sold: $318117

Mid Total Lots: 22
Mid Sold: 11
Mid Bought In: 11
Buy In %: 50.00%
Total Mid Estimate: $493000
Total Mid Sold: $238485

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 shared between two lots: lot 180, Ansel Adams, Moonrise, Hernandez, New Mexico, 1941/1960s, and lot 223, Helmut Newton, Woman Observing Man, Saint-Tropez, 1975/1980s, both at $30000-40000; the Adams sold for $28800, and the Newton sold for $40800 and was the top outcome of the sale.

Only 59.77% of the lots that sold had proceeds in or above the estimate range, and there was only one surprise in this sale (defined as having proceeds of at least double the high estimate):

Lot 141, Lewis Hine, Waiting for the Red Cross Lady, Drought Area, Arkansas, 1933, at $16800 (image at right, via Swann)

Complete lot by lot results can be found here.

104 East 25th Street
New York, NY 10010

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