Showing posts with label Thomas Schütte. Show all posts
Showing posts with label Thomas Schütte. Show all posts

Monday, December 20, 2010

Top 10 Photography Lots at Auction in 2010

According to our statistics on 71 different auctions around the world in 2010 (covering both focused Photography sales and the photography buried in Contemporary Art and other compilation sales), these were the top 10 photography lots in terms of overall selling price this year. Unlike last year, when no works crossed the $1 million dollar mark in public secondary market transactions, 8 out of the top 10 lots this year broke that threshold (3 actually crossed $2 million dollars). Our top lot last year (Gilbert & George, The Moon, 1978), would have been good for a tie for 10th place this year (last year's list can be found here).

While some might persuasively argue that certain artists do not fall under the label of "photography", all of the works that have been included in this list are made up of photographic prints. Prices all include the buyer's premium and have been converted to dollars/rounded to the nearest dollar where appropriate (1 Euro = 1.31 Dollars; 1 Pound = 1.55 Dollars, both exchange rates slightly lower than last year; varying quality reproductions via the respective houses).
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1.) $2770500: Lot 14, Cindy Sherman, Untitled #153, 1985, at Phillips de Pury & Company, Carte Blanche, November 8th


2.) $2098500: Lot 8, Andreas Gursky, Frankfurt, 2007, at Sotheby's, Contemporary Art, November 9th


3.) $2060338: Lot 6, Andreas Gursky, Pyongyang IV, 2007, at Sotheby's, Contemporary Art, October 15th


4.) $1669738: Lot 72, Andreas Gursky, Madonna I, 2001, at Sotheby's, Contemporary Art, February 10th

5.) $1426500: Lot 19, Cindy Sherman, Untitled #420, 2004, at Phillips de Pury & Company, Carte Blanche, November 8th


5.) $1426500: Lot 58, Cindy Sherman, Untitled (#88), 1981, at Christie's, Post-War and Contemporary Art, November 10th


7.) $1101710: Lot 16, Richard Avedon, Dovima with elephants, Evening dress by Dior, Cirque D'Hiver, Paris, August 1955, 1955/1978, at Christie's, Photographies provenant de la Fondation Richard Avedon, November 20th


8.) $1082500: Lot 122, Edward Weston, Nautilus, 1927, at Sotheby's, Photographs, April 13th


9.) $962500: Lot 17, Thomas Schütte, Old Friends, 1993, at Phillips de Pury & Company, Carte Blanche, November 8th


10.) $902500: Lot 113, Richard Prince, Untitled (Cowboy), 1998-1999, at Phillips de Pury & Company, Contemporary Art, November 8th


10.) $902500: Lot 8, Andreas Gursky, Chicago Board of Trade, 1997, at Christie's, Collection of Michael Crichton, May 11th
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While we cover most of the major auctions, it is entirely possible (though not hugely likely) that a photograph could have sold outside our coverage area, in a smaller house or in a secondary market location (especially in the 19th century realm), but could still have reached the top 10 in terms of overall price. So please, if we've missed something somewhere, by all means, add it in the comments.

Monday, November 15, 2010

Auction Results: Carte Blanche and Contemporary Art, Parts I and II, November 8 and 9, 2010 @Phillips

Phillips opened the Fall Contemporary Art season in New York last week with a photographic bang, selling Cindy Sherman's Untitled #153 for $2770500, a new record for the artist and the highest price achieved for a photograph at auction so far in 2010. A second Sherman more than doubled its high estimate to add fuel to the fire. Add a few more positive surprises, and the Total Sale Proceeds for photography covered the high estimate with room to spare.

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

Total Lots: 88
Pre Sale Low Total Estimate: $5344500
Pre Sale High Total Estimate: $7804500
Total Lots Sold: 61
Total Lots Bought In: 27
Buy In %: 30.68%
Total Sale Proceeds: $7939875
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Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):

Low Total Lots: 29
Low Sold: 20
Low Bought In: 9
Buy In %: 31.03%
Total Low Estimate: $194500
Total Low Sold: $164500
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Mid Total Lots: 46
Mid Sold: 30
Mid Bought In: 16
Buy In %: 34.78%
Total Mid Estimate: $1100000
Total Mid Sold: $640625
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High Total Lots: 13
High Sold: 11
High Bought In: 2
Buy In %: 15.38%
Total High Estimate: $6510000
Total High Sold: $7134750
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The top photography lot by High estimate was lot 14, Cindy Sherman, Untitled #153, 1985, at $2000000-3000000; it was also the top outcome of the sale at $2770500. (Image at right, top, via Phillips.)
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88.52% of the lots that sold had proceeds in or above the estimate range. There were a total of 7 surprises in these sales (defined as having proceeds of at least double the high estimate):

Lot 17, Thomas Schütte, Old Friends, 1993, at $962500 (image at right, middle, via Phillips)
Lot 19, Cindy Sherman, Untitled #420, 2004, at $1426500
Lot 33, Matthew Day Jackson, The Lower 48, 2006, at $410500
Lot 275, Roe Ethridge, Cove Corners, Wellfleet, MA, 2005, at $20000
Lot 276, Sharon Core, Boston Creams, 2004, at $16250 (image at right, bottom, via Phillips)
Lot 445, Dash Snow, Untitled (Why Grow Old), 2007, at $16875
Lot 523, Frank Thiel, Stadt 10/04 (Berlin), 2000, at $35000
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Complete lot by lot results can be found here (Carte Blanche), here (Part I) and here (Part II).

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