Auction Results: Photographs, May 8, 2013 @Phillips London

Phillips' various owner Photographs sale in London last week delivered solid, workmanlike results. With a Buy-In rate just over 30% and Total Sale Proceeds that found the middle of the estimate range, it generally performed according to plan.

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

Total Lots: 123
Pre Sale Low Total Estimate: £1184000
Pre Sale High Total Estimate: £1676500
Total Lots Sold: 86
Total Lots Bought In: 37
Buy In %: 30.08%
Total Sale Proceeds: £1291750

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

Low Total Lots: 49
Low Sold: 36
Low Bought In: 13
Buy In %: 26.53%
Total Low Estimate: £182500
Total Low Sold: £159375


Mid Total Lots: 59
Mid Sold: 41
Mid Bought In: 18
Buy In %: 30.51%
Total Mid Estimate: £714000
Total Mid Sold: £574125

High Total Lots: 15
High Sold: 9
High Bought In: 6
Buy In %: 40.00%
Total High Estimate: £780000
Total High Sold: £558250

The top photography lot by High estimate was lot 32, Nobuyoshi Araki, 77 works, n.d., estimated at £100000-120000; it was also the top outcome of the sale at £110500.

96.51% of the lots that sold had proceeds above or in the estimate range, and there were 5 positive surprises (defined as having proceeds of at least double the high estimate):

Lot 63, Alfred Eisenstaedt, Ice Skating Waiter, St. Moritz, Switzerland, 1932/later, estimated at £6000-8000, sold at £16250 (image at right, top, via Phillips)
Lot 73, Elliott Erwitt, New York City, 1974/later, estimated at £1500-2500, sold at £5250
Lot 112, Albert Watson, Monkey With Gun, New York City, 1992, estimated at £2000-3000, sold at £6000 (image at right, bottom, via Phillips)
Lot 117, Loretta Lux, The Drummer, 2004, estimated at £4000-6000, sold at £13750 (image at right, middle via Phillips)
Lot 122, Helmut Newton, Sumo, estimated at £2500-3500, sold at £10000

Complete lot by lot results can be found here.

Phillips
Howick Place
London SW1P 1BB

Auction Results: Photographs, April 3, 2013 @Phillips New York

Phillips' follow up various owner Photographs sale last week performed nearly as well its earlier single owner sale. The overall Buy-In rate was just over 15% and the Total Sale Proceeds once again came close to the High estimate.

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

Total Lots: 141
Pre Sale Low Total Estimate: $2411500
Pre Sale High Total Estimate: $3527500
Total Lots Sold: 118
Total Lots Bought In: 23
Buy In %: 16.31%
Total Sale Proceeds: $3307375

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

Low Total Lots: 37
Low Sold: 28
Low Bought In: 9
Buy In %: 24.32%
Total Low Estimate: $244500
Total Low Sold: $230875

Mid Total Lots: 91
Mid Sold: 78
Mid Bought In: 13
Buy In %: 14.29%
Total Mid Estimate: $2073000
Total Mid Sold: $1847000

High Total Lots: 13
High Sold: 12
High Bought In: 1
Buy In %: 7.69%
Total High Estimate: $1210000
Total High Sold: $1229500

The top lot by High estimate was lot 177, Edward Steichen, Diagram of Doom - 2, c1922, estimated at $120000-180000; it sold for $122500. The top outcome of the sale was lot 291, Hiroshi Sugimoto, Joe #2134, 2004, estimated at $60000-80000, sold at $170500 (image at right, top, via Phillips).

97.46% of the lots that sold had proceeds in or above the estimate range. There were a total of 6 surprises in the sale (defined as having proceeds of at least double the high estimate):

Lot 224, William Eggleston, East Memphis, 1972/1985, estimated at $8000-12000, sold at $30000
Lot 239, Helmut Newton, Shoe, Monte Carlo, 1983, estimated at $8000-12000, sold at $30000
Lot 246, Peter Beard, Cheetah cubs orphaned at Mweiga nr. Nyeri for The End of the Game, 1968/later, estimated at $10000-15000, sold at $32500
Lot 291, Hiroshi Sugimoto, Joe #2134, 2004, estimated at $60000-80000, sold at $170500
Lot 297, Gabriel Orozco, Shower Head, 2008, estimated at $7000-9000, sold at $25000 (image at right, middle, via Phillips)
Lot 306, Loretta Lux, Study of a Boy, 2002, estimated at $5000-7000, sold at $16250 (image at right, bottom, via Phillips)

Complete lot by lot results can be found here.

Phillips
450 Park Avenue
New York, NY 10022

Auction Results: Selections from the Baio Collection of Photography, April 15, 2010 @Christie's

Sometimes the fate of an auction turns on the fight for just one lot. Such was the case with the single owner Baio Collection sale earlier today, where a skyrocketing Atget image (to more than 4.5 times its high estimate) helped push a sale that was heading for a normal, middle of the range kind of outcome into the joyful zone well above the total High estimate.

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

Total Lots: 120
Pre Sale Low Total Estimate: $735500
Pre Sale High Total Estimate: $1080500
Total Lots Sold: 86
Total Lots Bought In: 34
Buy In %: 28.33%
Total Sale Proceeds: $1425500

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

Low Total Lots: 98
Low Sold: 71
Low Bought In: 27
Buy In %: 27.55%
Total Low Estimate: $536500
Total Low Sold: $391500

Mid Total Lots: 21
Mid Sold: 14
Mid Bought In: 7
Buy In %: 33.33%
Total Mid Estimate: $394000

Total Mid Sold: $347500

High Total Lots: 1
High Sold: 1
High Bought In: 0
Buy In %: 00.00%
Total High Estimate: $150000
Total High Sold: $686500
.

The top lot by High estimate was lot 171, Eugène Atget, Joueur d'Orgue, 1898-1899, at $100000-150000; it was also the top outcome of the sale (by far) at $686500. (Image at right, top, via Christie's.)

100.00% of the lots that sold had proceeds in or above the estimate range (not a single lot sold below the range, which is pretty unusual). There were a total of 7 surprises in this sale (defined as having proceeds of at least double the high estimate):

.

Lot 112, Loretta Lux, Paulin, 2002, at $30000 (image at right, via Christie's)

Lot 151, Weegee, Summer, the Lower East Side, c1937, at $20000

Lot 166, Felix Gonzalez-Torres, Untitled, 1994, at $4000

Lot 171, Eugene Atget, Joueur d'Orgue, 1898-1899, at $686500

Lot 175, Laszlo Moholy-Nagy, The Water's Edge (Hungarian Sea), c1929, at $52500

Lot 191, Will McBride, Mike with other students in the 'shower', Schlosschule Salem, 1963/1970s, at $6875

Lot 204, Philip-Lorca DiCorcia, Head #23, 2000, at $52500

Complete lot by lot results can be found here.

Christie's
20 Rockefeller Plaza
New York, NY 10020