There wasn’t much holiday cheer to bolster the results of the recent sale of California-themed photographs at Bonhams online. With an overall Buy-In rate topping 60% and almost no positive surprises, the Total Sale Proceeds (of roughly $230K) fell far 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 | 161 |
| Aggregate Pre Sale Low Estimate | $499800 |
| Aggregate Pre Sale High Estimate | $748200 |
| Total Lots Sold | 61 |
| Total Lots Bought In | 100 |
| Buy In % | 62.11% |
| Total Sale Proceeds | $232960 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 152 |
| Total Low Lots Sold | 58 |
| Total Low Lots Bought In | 94 |
| Low Buy In % | 61.84% |
| Aggregate High Estimate of Low Lots | $557200 |
| Total Proceeds from Low Lots | $152320 |
| Mid Total Lots | 9 |
| Total Mid Lots Sold | 3 |
| Total Mid Lots Bought In | 6 |
| Mid Buy In % | 66.67% |
| Aggregate High Estimate of Mid Lots | $191000 |
| Total Proceeds from Mid Lots | $80640 |
| 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 lot 65, Ansel Adams, Half Dome, Merced River, Winter, Yosemite Valley, 1938/1950-1957, estimated at $30000-50000; it was also the top outcome of the sale at $51200 (image above, via Bonhams.)
77.05% of the lots that sold had proceeds in or above the estimate range and there was just 1 positive surprise in the sale (defined as having proceeds of at least double the high estimate) (image above, via Bonhams):
Lot 138, LeRoy Grannis, Malibu, 1962/later, estimated at $1500-2500, sold at $7040
The complete lot by lot results can be found here.
