The results from the Photographie sale at Grisebach in Berlin earlier this week were largely uneventful. The overall Buy-In was exactly 40%, so even with a dozen positive surprises to add to the momentum, the Total Sale Proceeds (of roughly €475K) came in below the low end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 175 |
| Aggregate Pre Sale Low Estimate | €552300 |
| Aggregate Pre Sale High Estimate | €777000 |
| Total Lots Sold | 105 |
| Total Lots Bought In | 70 |
| Buy In % | 40.00% |
| Total Sale Proceeds | €477437 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 153 |
| Total Low Lots Sold | 94 |
| Total Low Lots Bought In | 59 |
| Low Buy In % | 38.56% |
| Aggregate High Estimate of Low Lots | €465400 |
| Total Proceeds from Low Lots | €301812 |
| Mid Total Lots | 22 |
| Total Mid Lots Sold | 11 |
| Total Mid Lots Bought In | 11 |
| Mid Buy In % | 50.00% |
| Aggregate High Estimate of Mid Lots | €311000 |
| Total Proceeds from Mid Lots | €175625 |
| 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 lot by High estimate was tied between three lots, each estimated at €20000-30000 or €25000-30000: lot 2077, Unknown, Autumn Mood, 1900/1910, lot 2099, Helmut Newton, Parlor Games, Munich, 1991, and lot 2141, Mitch Epstein, Flag, 2000. The top outcome of the sale was the print from unknown photographer, sold at €50000 (image above, via Grisebach). The Newton print went unsold, while the Epstein print fetched €31250.
99.05% of the lots that sold had proceeds in or above the estimate range and there were a total of 12 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above, via Grisebach):
Lot 2008, David Hockney, Pretty Tulips, February, 1970/1976, estimated at €1200-1600, sold at €4375
Lot 2027, Victor Guidalevitch, ”Relief”, c1935, estimated at €700-900, sold at €2500
Lot 2028, Victor Guidalevitch, Coupes de Bois, c1933, estimated at €700-900, sold at €3750
Lot 2029, Peter Keetman, ”Rohre”, 1958, estimated at €3000-4000, sold at €9375
Lot 2041, Jitka Hanzlová, From the series ”Rokytník”, 1991, estimated at €800-1200, sold at €2500
Lot 2045, Joel Sternfeld, ”After The Flash Flood, Rancho Mirage, California, July”, 1979/1989, estimated at €1500-2000, sold at €4750
Lot 2054, Hein Gorny, Tideland, 1930s, estimated at €800-1200, sold at €5000
Lot 2068, David Hockney, Tennis Court, Berkeley, November, 1971/1976, estimated at €1200-1600, sold at €3750
Lot 2117, Otto Steinert, ”Zwei Masken”, 1949, estimated at €1500-2000, sold at €4375
Lot 2144, Robert Lebeck, ”Jackie Kennedy und ihre Schwester Lee Radziwill am Sarg von Bob Kennedy, New York”, 1968/later, estimated at €800-1200, sold at €2875
Lot 2164, Will McBride, ”John F. Kennedy, Willy Brandt, Konrad Adenauer vorm Brandenburger Tor, Berlin”, 1963/later, estimated at €1000-1500, sold at €3750
Lot 2166, Barbara Klemm, ”Öffnung des Brandenburger Tors, Berlin 22. Dezember”, 19689/later, estimated at €1200-1800, sold at €4000
Complete lot by lot results can be found here.
