Aenne Biermann Leads Bonhams $400,100 'Photographs Now The Collector's Edition' Auction
3 min read · 19 Jul 2024
'Strasse' (Avenue des Champs-Élysées) by Aenne Biermann sold for $28,200. Image courtesy of Bonhams
A work by Aenne Biermann was the headline sale at Bonhams 'Photographs Now The Collector's Edition' auction on July 18.
- The sale totaled $400,100, falling short of its pre-sale low estimate.
Snapshot of the sale
- 131 works sold totaling $400,100.
- Estimates totaled: $496,100 (low) and $743,400 (high), excluding premiums.
- The sell-through rate was 61% of the original 214 lots announced.
The star lot was: Aenne Biermann, 'Strasse' (Avenue des Champs-Élysées) (1931), which sold for $28,200, 1026% above its $2,500 low estimate. It has not been traded before.
The outperformer sold for 1128% above its low estimate. Nina Katchadourian, Lavatory Self-Portrait in the Flemish Style #18-19 (Diptych) (2011), sold for $6,144 ($500 low estimate). It has not been traded before.
Breakdown of results against auction house estimates that are disclosed
- 34 works, or 26%, sold above their high estimate.
- 47 works, or 36%, sold within their low and high estimate.
- 50 works, or 38%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
83 works were bought-in, including: Hiroshi Sugimoto, La Paloma, Encinitas (1993), estimated at $18,000 (low) to $28,000 (high). It has been traded once in the past.
Withdrawn before the sale
0 works were withdrawn
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.