This past week both Christie's and Sotheby's held several photograph sales. I am not finding much feedback on whether the results were considered good, bad or indifferent. I do see that Christie's sold much more in both dollar and volume than Sotheby's.Sothebys offered 244 lots for sale and sold 182 for a 74% sell through rate. The total sales volume including buyers premium was $3.75 million. The average lot price for Sotheby's was $20,000.00. Christie's sales total was $7.48 with 504 lots being offered and 403 selling for a sell through rate of 80%. The average lot price for Christie's was $18,500.00.
Denise Bethel, Head of Sotheby's Photographs department, said:
We are pleased with the results of today’s sale which were within the estimates (est. $3.5/5.2 million). We saw active participation from private collectors, including a number of new participants, the trade and institutions. Performing especially well were works by Ansel Adams, Paul Outerbridge and Robert Frank.
Yes the Sotheby's sale just made the low end of the total sale estimate of 3.5 million, but that did include the buyers premium. The above statement from Sotheby's lacks much depth, and I guess the better news is the sale could have been worse. I was not able to locate a comment on the Christie's sale.
No comments:
Post a Comment