Sotheby's: Prints & Multiples Auction Analysis

Art Auction Results, Collectors TipRicardo Martinez

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So, how did the Sotheby’s: Prints & Multiples auction in London on March 17th go? As we mentioned on Sunday, this was another of those auction mash-up, where you can find art works that were made in a span of 500 years – from Albrecht Dürer to Damien Hirst. Did that work up? Well, it went just fine, when it comes to contemporary art works: there was a very high percentage of sold items, with many lots that were sold over their respective high estimates. Of course, as always, some big priced lots went unsold, and some other underperformed, considering their estimated prices.

 

Sotheby's

Andy Warhol – Details of Renaissance Paintings (Sandro Botticelli, Birth of Venus, 1482), 1984 (Lot 227)

 

Sotheby’s: Prints & Multiples Auction – Overall Numbers

There was a total of 74 contemporary art works at Sotheby’s: Prints & Multiples auction, and almost all of them were sold – 68 out of 74, or 91.9 percent. Twenty-eight of those 68 were sold over their high estimated prices, which makes 37.8 percent of total, or 41.2 percent of sold items. Then, 22 lots changed hands just in range of their estimated values (32.3 percent), and the rest of 18 lots were sold under their low estimated prices (26.5 percent of sold items). When we look this auction in total, 68 lots were sold for just under $2.06 million. The sum of high estimated prices for sold lots was $2.2 million, so the final result had -6.7 percent difference on high estimate. However, the sum of low estimated prices was at $1.46 million, and the sum of hammer prices had +40.6 percent difference on that.

 

Sotheby's

Roy Lichtenstein – I Love Liberty, 1982 (Lot 191)

Sotheby's

Robert Rauschenberg – Stoned Moon – Sky Garden, 1969 (Lot 196)

 

The Best Individual Results at Sotheby’s: Prints & Multiples Auction

Andy Warhol’s collection of ten screenprints from 1980, named Ten Portraits of Jews of the Twentieth Century had the highest hammer price and was sold for a hair under $196,000. Roy Lichtenstein’s Two Nudes had its hammer price at $181,000, or with +19.6 percent difference between the hammer and the high estimated price. Out of six lots that were sold for $100,000 or more, Andy Warhol had three – his two versions of Moonwalk were sold for $131,249 and $120,429, and Francis Bacon’s Miroir De La Tauromachie squeezed between them with the hammer price at $128,210, and excellent +41.2 percent difference on the high estimated price. Lastly, Keith Haring’s Totem was the only one left that was sold for six-figure price, as it changed owners for $104,940. When we speak about which item had the biggest difference between the hammer and the high estimated price, Francis Bacon’s Seated Figure (Sabatier 7) was the winner of the night, with +106.8 percent difference. Another Andy Warhol’s item, Alexander the Great had almost doubled its high estimated price (+95.9 percent), and Francis Bacon’s Three Studies for a Self-Portrait (+89.8 percent) and Tom Wesselmann’s Seascape Dropout (71.4 percent) also did well.

 

Sotheby's

Roy Lichtenstein – Two Nudes, 1994 (Lot 186)

 

The Unsold and the Underperformed at Sotheby’s: Prints & Multiples Auction

It’s a kinda silly to write about the unsold items at this Sotheby’s auction, as, like we said, only six lots were left unsold. But, the one of them was Andy Warhol’s Car Crash, which had the second largest estimated value of all contemporary lots ($196,703 – $272,358). But, in all fairness, out of 74 lots, 31 were by Andy Warhol, so it was not a surprise that he had most unsold lots for the day – three. When it comes to the biggest (negative) difference between the hammer and the low estimated price, Keith Haring’s The Story of Red and Blue was sold with -18.4 percent difference, Jim Dine’s Monotype at Sydney Close III with -21.6 percent, and the worst result of sold items had the lot with the convincigly longest name – Takashi Murakami’s Dokura Yellow; Kansei (Trade Name of Rinpa – School Eco Painter Ogata Körin, Literal Meaning Voice of the Mountain Stream); With Reverence I Lay Myself Before You – Körin – Chrysanthemum; And IF I Could Reach That Field of Flowers, I Would Die Happy was sold with -34.7 percent difference between the hammer and the low estimated price.
 
Please, scroll down to see details for every lot that was auctioned at Sotheby’s on Tuesday, March 17th.

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Sotheby's: Prints & Multiples in Details

 

Total number of lots:74
Number of sold lots:68
Sold lots [%]:91.9
Number of sold lots over high estimate:28
Over high estimate (Total) [%]:37.8
Over high estimate (Sold) [%]:41.2
Number of sold lots in range of estimated values:22
In range of estimated values (Sold) [%]:32.3
Number of sold lots under low estimate:18
Under low estimate (Sold) [%]:26.5
Results were under estimate spread of [%]:32.9

 
Lot No.Artist NameArtwork NameLow Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
161FRANCIS BACONSEATED FIGURE (SABATIER 7)105921361828162106.8165.9
162FRANCIS BACONTHREE STUDIES FOR A SELF-PORTRAIT (S. 15)9079121052297489.8153
163FRANCIS BACONORESTEIA OF AESCHYLUS (S. 16)907912105125994.138.8
164FRANCIS BACONTRIPTYCH (S. 6)226973026222233-26.5-2
165FRANCIS BACONMIROIR DE LA TAUROMACHIE (S. 29-30)605249078612821041.2111.8
166EDUARDO CHILLIDAMAS ALLA (VAN DER KOELEN 73024-73039)605290795632-38-6.9
167JIM DINEMONOTYPE AT SYDNEY CLOSE III151312269711858-47.8-21.6
168PETER DOIGALMOST GROWN12105181572075114.371.4
169PETER DOIGHAUS DER BILDER 453975654150-45.1-8.6
170PETER DOIGHOUSE OF PICTURES453960524743-21.64.5
171SAM FRANCISSENZA TITOLO III (UNTITLED III) (LEMBARK I-89; SFE-066)453960524447-26.5-2
172KEITH HARINGTHE STORY OF RED AND BLUE (LITTMANN PP. 96-97) 181572723614822-45.6-18.4
173KEITH HARINGTOTEM75655105917104940-0.938.7
174DAMIEN HIRSTTHE SOUL ON JACOB'S LADDER7565105920-100Not Sold
175DAMIEN HIRSTELLIPTICINE 121051815716304-10.234.7
176DAMIEN HIRSTTHE LAST SUPPER378285295841502-21.69.7
177DAVID HOCKNEYTWO VASES OF CUT FLOWERS AND A LIRIOPE PLANT (MUSEUM CONTEMPORARY ART TOKYO 232)7565105926225-41.2-17.7
178DAVID HOCKNEYPOOL MADE WITH PAPER AND BLUE INK FOR BOOK (TYLER 269:DH56)75651059211117547
179JEFF KOONSBALLOON DOG (RED)45396052711517.656.8
180ROY LICHTENSTEINTEMPLE (CORLETT II.3)605290797115-21.617.6
181ROY LICHTENSTEINPYRAMID (C. 62)30263783563248.986.1
182ROY LICHTENSTEINTEL AVIV MUSEUM PRINT (C. 238)302624539332608-28.27.8
184ROY LICHTENSTEINHAYSTACK (C. 84)45397565889317.695.9
185ROY LICHTENSTEINREFLECTIONS ON CONVERSATION (C. 240)605249078659288-34.7-2
186ROY LICHTENSTEINTWO NUDES (C. 284)10591715131018097719.670.9
187ROY LICHTENSTEININDUSTRY AND THE ARTS II (C. 86)605290798152-10.234.7
188ROY LICHTENSTEINMODERN ART POSTER (C. II.8)378352965188-237.1
189ROY LICHTENSTEINCOMPOSITION IV (C. 293)6052907996346.159.2
190ROY LICHTENSTEIN...HUH? (C. 149)7565105921259918.966.5
191ROY LICHTENSTEINI LOVE LIBERTY (C. 192)1815727236296448.863.3
192YAN PEI MINGICONES12105181570-100Not Sold
193TAKASHI MURAKAMIDOKURA YELLOW; KANSEI (TRADE NAME OF RINPA - SCHOOL ECO PAINTER OGATA KÖRIN, LITERAL MEANING VOICE OF THE MOUNTAIN STREAM); WITH REVERENCE, I LAY MYSELF BEFORE YOU- KÖRIN - CHRYSANTHEMUM; AND IF I COULD REACH THAT FIELD OF FLOWERS, I WOULD DIE HAPPY453975652964-60.8-34.7
194MICHELANGELO PISTOLETTOFRATTALI453975650-100Not Sold
195ROBERT RAUSCHENBERGKITTY HAWK18157272363260819.779.6
196ROBERT RAUSCHENBERGSTONED MOON: SKY GARDEN272363328828162-15.43.4
197ROBERT RAUSCHENBERGTRIBUTE 21272363328828162-15.43.4
198GERHARD RICHTER40.000 (BUTIN 134)605290791037514.371.4
199MEL RAMOSCANDY (BABY RUTH); HAV-A-HAVANA II; FRAULEIN FRENCH FRIES453975651037537.1128.6
200JESÚS RAFAEL SOTOINCLINÉ BLEU ET NOIR7565105929634-927.3
201PORTFOLIO1¢ LIFE181572723614822-45.6-18.4
202ANTONI TÀPIESPOEMS FROM THE CATALAN (GALFETTI 379-390)605290796670-26.510.2
203ANTONI TÀPIESROIG I NEGRE 3; FULLES (G. 1022 & 1124)7565105928893-1617.6
205ANDY WARHOLHAMMER & SICKLE (SEE FELDMAN & SCHELLMANN II.164)12105181570-100Not Sold
206ANDY WARHOLALEXANDER THE GREAT (F. & S. II.291)12105181573557395.9193.9
207ANDY WARHOLFLOWERS (F. & S. II.67)211832723620751-23.8-2
208ANDY WARHOLCHERUB ON HORSEBACK (SEE F. & S. IV.91A)151312269714081-38-6.9
210ANDY WARHOLWILD RASPBERRIES (F. & S. IV.126A-143A)226973026222233-26.5-2
211ANDY WARHOLMAO (F. & S. II.92)2269737828415029.782.9
212ANDY WARHOLMAO (F. & S. II.91)302624539341502-8.637.1
213ANDY WARHOLMARILYN (F. & S. II.30)3782852958592881256.7
214ANDY WARHOLCAR CRASH (F. & S. IIIA.9)1967032723580-100Not Sold
215ANDY WARHOLDIANA VREELAND RAMPANT (AFTER JACQUES LOUIS DAVID, NAPOLEON AT ST. BERNARD) (F. & S. IIIB.25)272363631425197-30.6-7.5
216ANDY WARHOLMICK JAGGER (F. & S. II.143)30262453935484120.881.2
217ANDY WARHOLMOONWALK (SEE F. & S. IIB.404-405)7565510591712042913.759.2
218ANDY WARHOLMOONWALK (SEE F. & S. IIB.404-405)7565510591713124923.973.5
219ANDY WARHOLQUEEN MARGRETHE II OF DENMARK (F. & S. II.343)151312269713340-41.2-11.8
220ANDY WARHOLQUEEN MARGRETHE II OF DENMARK (F. & S. II.344)151312269716304-28.27.8
221ANDY WARHOLQUEEN MARGRETHE II OF DENMARK (F. & S. II.345)151312269713340-41.2-11.8
222ANDY WARHOLQUEEN NTOMBI TWALA OF SWAZILAND (F. & S. II.347)453975655632-25.624.1
223ANDY WARHOLQUEEN BEATRIX OF THE NETHERLANDS (F. & S. II.340)151312269714081-38-6.9
224ANDY WARHOLTEN PORTRAITS OF JEWS OF THE TWENTIETH CENTURY (F. & S. IIB.226-235)151310302620195799-35.329.4
225ANDY WARHOLKIMIKO (F. & S. II.237)1059215131163047.853.9
226ANDY WARHOLTURTLE (F. & S. II.360A)9079121051778646.995.9
227ANDY WARHOLDETAILS OF RENAISSANCE PAINTINGS (SANDRO BOTTICELLI, BIRTH OF VENUS, 1482) (F. & S. II.316)453937565571146-656.7
228ANDY WARHOLLETTER TO THE WORLD (THE KICK) (SEE F. & S. II.389)181572723616304-40.1-10.2
229ANDY WARHOLSATYRIC FESTIVAL SONG (SEE F. & S. II.387)22697302620-100Not Sold
230ANDY WARHOLSHOES (F. & S. II.256)453937565556324-25.624.1
231ANDY WARHOLKIKU (F. & S. II.307)680998359634-241.5
232ANDY WARHOLKIKU (F. & S. II. 308)680998358152-17.119.7
233ANDY WARHOLKIKU (F. & S. II.309)680998357411-24.68.8
234ANDY WARHOLHAMMER AND SICKLE (F. & S. II.164)7565105921482239.995.9
235ANDY WARHOLLOVE (F. & S. II.311)680998351259928.185
236ANDY WARHOLLOVE (F. & S. II.312)68099835111171363.3
237TOM WESSELMANNSEASCAPE DROPOUT453960521037571.4128.6
TOTAL:171887825624372057295-19.719.7
TOTAL (Sold lots):146316422053462057295-6.740.6

 
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Sotheby's

Peter Doig – Almost Grown, 2001 (Lot 168)


 
Sotheby's

Francis Bacon – Triptych, 1987 (Lot 164)


 
Sotheby's

Damien Hirst – The Last Supper, 1999 (Lot 176)


 
Sotheby's

Andy Warhol – Turtle, 1985 (Lot 226)


 
Sotheby's

Francis Bacon – Miroir De La Tauromachie, 1990 (Lot 165)


 
Sotheby's

Andy Warhol – Hammer and Sickle, 1977 (Lot 234)

 

Featured images: Andy Warhol – Ten Portraits of Jews of the Twentieth Century, 1980 (Lot 224) and Robert Rauschenberg – Tribute 21, 1994 (Lot 197)
 
Also in slider:
– Keith Haring – Totem, 1988 (Lot 173)
– Tom Wesselmann – Seascape Dropout, 1982 (detail) (Lot 237)
– Roy Lichtenstein – Pyramid, 1968 (Lot 181)
 
All images courtesy of Sotheby’s

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