Auction Results: The Emily Fisher Landau Collection: An Era Defined, December 15, 2023 @Sotheby’s (online)

Aside from the withdrawal of the top photo lot Richard Prince work, the photography included in the last tranche of the Emily Fisher Landau Collection sale at Sotheby’s last week in New York generally met expectations. In an online sale where most of the lots had no reserve, the overall Buy-In rate came in at a tidy 0.00%, leading to Total Sale Proceeds for photography (of roughly $355K) that fell near the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 39
Aggregate Pre Sale Low Estimate $262500
Aggregate Pre Sale High Estimate $400500
Total Lots Sold 39
Total Lots Bought In 0
Buy In % 0.00%
Total Sale Proceeds $355600

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 23
Total Low Lots Sold 23
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $143500
Total Proceeds from Low Lots $106807
Mid Total Lots 16
Total Mid Lots Sold 16
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots $257000
Total Proceeds from Mid Lots $248793
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots $0
Total Proceeds from High Lots $0

The top photography lot by High estimate was lot 131, Richard Prince, Untitled (Three Women’s Hands with Gloves), 1980, estimated at $100000-150000; it was withdrawn. The top photography outcome in the sale was lot 117, Robert Mapplethorpe, Orchid, 1987, estimated at $10000-15000, sold at $40640 (image above, via Sotheby’s.)

Just 61.54% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive photographic surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Sotheby’s):

Lot 117, Robert Mapplethorpe, Orchid, 1987, estimated at $10000-15000, sold at $40640

Lot 269, Inez van Lamsweerde and Vinoodh Matadin, Bjork (Poisson-Nageur), 2000, estimated at $3000-5000, sold at $13970

Lot 272, Cindy Sherman, Untitled, 1979/1989, estimated at $7000-10000, sold at $20320

The complete lot by lot results can be found here.

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Read more about: Cindy Sherman, Inez van Lamsweerde and Vinoodh Matadin, Robert Mapplethorpe, Sotheby's

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