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Sotheby's Contemporary Art Day

February 13, 2015

Today’s we continue where we stopped yesterday – it’s time for the auction analysis of Sotheby’s Contemporary Art Day, that took place on February 11th (you should also check out analysis on Sotheby’s Contemporary Art Evening auction). When we look at the numbers, we could see that this auction was fairly successful, with some extraordinary results, but, with some disappointments as well. Particularly, some of the artwork of Joseph Beuys, Gerhard Richter and Fausto Melloti completely exceeded expectations.

Sotheby's 2015
Gerhard Richter – Abstractes Bild (P1) (Picture courtesy of Sotheby’s)

The Big Picture

Total of 231 lot have been sold, out of possible 293, which translates into solid 78.8%. When we look at much more interesting data – the money spent – this Sotheby’s Contemporary Art Day auction scored 21.135.638 US dollars. That’s 1,2 percent more than total of high estimated prices for sold lots (which was $20.878.143), and 44.1% more than total of low estimated prices for sold lots. There were 93 lots sold over high estimate, or 40,3 percent of all sold lots. Similarly, 91 lot went in estimated range (39,4 percent), and 20,3% of sold lots were paid under low estimate (total of 47 lots).

Sotheby's 2015
Gio Pomodoro – Coesistenza (Picture courtesy of Sotheby’s)

Sotheby's 2015
Fausto Melotti – Scultura No. 14 (Picture courtesy of Sotheby’s)

The Winners of the Sotheby’s Contemporary Art Day Auction

The biggest hammerprice had Peter Doig‘s Cold Blooded painting, oil on canvas, that was sold for $1.606.374, with high estimated price just over 914 thousand, so the spread for hammerprice and high estimated price was 75,7 percent. Number two on highest price list from the Sotheby’s Contemporary Art Day auction was Christopher Wool and his piece Untitled (D387) that changed owner for $692.075 (51,4 percent more than high estimated price). Third was Andy Warhol‘s Dollar Sign, which reached $524.452 (14,7 percent more than its high estimate). But, when we look at the difference between the high estimated price and hammerprice, the list of winners changes completely. First of all, there’s Gerhard Richter’s Abstraktes Bild (P1) that was estimated to go as high as $9.143. The result? It went for $50.287, a whooping 450% more than the optimistic estimate. Then, there’s Stefan Muller’s Soft-Hardedge that was sold for $12.191 (433,3% of high estimate), Fausto Melloti’s Scultura No.14 went for $250.163 (310,4%), while Joseph Beuys’ painting (pigment, oil, ink, turpentine and pencil on paper) labeled Frau/Tierschadel (Woman/Animal Skull) was sold for $219.686, or 260,4 percent more than its high estimated price.

Sotheby's 2015
Peter Doig – Cold Blooded (Picture courtesy of Sotheby’s)

Sotheby's 2015
Gerhard Richter – 5.Nov.1995 (Courtesy of Sotheby’s)

Miscellaneous on Wednesday’s Sotheby’s Contemporary Art Day Auction

Out of 11 total works of Andy Warhol, 10 were sold, but three of them went for the low estimated price and four above high estimate. Two Banksy‘s works were sold for total of 372.070 dollars. Also, there were six artworks of Gerhard Richter at the auction, and all were sold for $1.386.183, although their total high estimated price was 1.487.268 dollars – the total price was almost seven percent less than the high estimated total. It was a bit of surprise that three out of four works of Walead Beshty weren’t sold, though the fourth one went for the high estimated price. All three Karel Appel‘s works were sold, as well as Gregor Hildebrandt’s. Also, 6 out of 7 total Joseph Beuys’ work were successfully sold.

Next page: Sotheby’s Contemporary Art Day in Details

Sotheby's 2015
Agnieszka Brzezanska – Untitled (Courtesy of Sotheby’s)
Sotheby's 2015
Harold Ancart – Untitled (Picture courtesy of Sotheby’s)
Sotheby's 2015
Joseph Beuys – Frau/Tierschadel (Woman/Animal Skull) (Picture courtesy of Sotheby’s)

Sotheby's Contemporary Art Day in Details

Total number of lots:293
Number of sold lots:231
Sold lots [%]:78.8
Number of sold lots over high estimate:93
Over high estimate (Total) [%]:31.7
Over high estimate (Sold) [%]:40.3
Number of sold lots in range of estimated values:91
In range of estimated values (Sold) [%]:39.4
Number of sold lots under low estimate:47
Under low estimate (Sold) [%]:20.3
Results were under estimate spread of [%]:29.8
Lot No.Low Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
1011219071828612120671674
10215238422857637207062.8144.2
103274291380960356832-6.330.1
104152384228576212067-7.239.2
10618286127429146349969153.5
10745715609548381137.583.3
108609549143010666916.775
10938096533347619242.9100
11076192106669234924120.2208.3
11112190718286120444811.867.7
11230476845715269207551.4127.1
1133047684571524939768.162.1
11491430121907311116155.2240.3
1153047745715548582080
116152382285848763113.3220
117121907182861114288-37.5-6.2
118304774571530477-33.30
119533346857353334-22.20
120304774571539620-13.330
1219143012190799050-18.78.3
1229143012190713714612.550
1237619210666913714628.680
1256095491430219686140.3260.4
126457156095411428887.5150
1274571560954219686260.4380.6
128304774571542668-6.740
129304774571533524-26.710
130152382285822858050
131380965333439620-25.74
132304774571533524-26.710
133304774571522858-50-25
13491431219125905112.5183.3
135457156095442668-30-6.7
136380960533344326355-38.8-14.3
137121907182861121907-33.30
138137146182861Not SoldNot SoldNot Sold
13918286274293352422.283.3
140152382285819810-13.330
1417619106671752464.3130
14212191182862895358.3137.5
143609549143068573-2512.5
1443809653334Not SoldNot SoldNot Sold
145609549143045715-50-25
1461828627429Not SoldNot SoldNot Sold
147182862742916762-38.9-8.3
148609549143076192-16.725
149182861274291227305-17.124.3
15012190718286191430-50-25
151137146182861Not SoldNot SoldNot Sold
15230477457155333416.775
1532285830477335241046.7
154243814380960Not SoldNot SoldNot Sold
1553047745715487636.760
156304774571539620-13.330
157609591439143050
15830477457155333416.775
159457152609536463499-241.4
16038096533348381157.1120
16153334685738381122.257.1
162228576304768189209-37.9-17.2
1633809653334640012068
1647619210666915238442.9100
165426675533344433024-18.81.5
1663809653334Not SoldNot SoldNot Sold
1677619210666991430-14.320
16830476845715252445214.772.1
169380960533344Not SoldNot SoldNot Sold
170274291380960303497-20.310.6
171167622274291204448-25.522
1726095914318286100200
173457156095445715-250
1747619210666976192-28.60
175380965333438096-28.60
176182861274291219686-19.920.1
177137151828613715-250
178137151828613715-250
17930477457155181113.370
180182861274291189209-313.5
18112190718286123492428.592.7
182182861274291Not SoldNot SoldNot Sold
1832285763047683263557.142.8
184304768457152Not SoldNot SoldNot Sold
185228576304768234924-22.92.8
1867619210666968573-35.7-10
18730477457157924073.3160
18830477457157924073.3160
189152384228576Not SoldNot SoldNot Sold
190152384228576Not SoldNot SoldNot Sold
191121907182861109716-40-10
192152384228576173971-23.914.2
193228576304768Not SoldNot SoldNot Sold
1944571560954250163310.4447.2
19545715609549143050100
196380965333438096-28.60
19715238228583047733.3100
19891430121907Not SoldNot SoldNot Sold
199182861274291Not SoldNot SoldNot Sold
2006095914350287450725.1
20130477457156095433.3100
202182862742960954122.2233.3
2033048457212191166.6300
204228583047727429-1020
205182861274291Not SoldNot SoldNot Sold
206106669137146106669-22.20
207609591435791-36.7-5
208228583047718286-40-20
209182861274291Not SoldNot SoldNot Sold
210182862438112191-50-33.3
21122858304775333475133.3
212533346857357906-15.68.6
213457156095454858-1020
214121911828642668133.3250
21576192106669Not SoldNot SoldNot Sold
21615238228583657260140
217457157619230477-60-33.3
21810667137151676222.257.1
219152382285812953-43.3-15
220228583047714476-52.5-36.7
221274293809635048-827.8
2222285830477Not SoldNot SoldNot Sold
223228583047722858-250
3017619210666917397163.1128.3
302228583047724381-206.7
303152382285820572-1035
304152382285879240246.7420
30545715609549143050100
306609549143045715-50-25
3072285830477396203073.3
308121907182861121907-33.30
309106671371512953-5.621.4
310457156095457906-526.7
311152384228576181590-20.619.2
312228583047719810-35-13.3
313304774571544191-3.345
3147619210666917397163.1128.3
315274291335245Not SoldNot SoldNot Sold
316182861274291204448-25.511.8
317457156095410666975133.3
3182285830477426684086.7
319609591437619-16.725
32010667137151676222.257.1
3216095491430Not SoldNot SoldNot Sold
322761910667114297.150
3233047745715Not SoldNot SoldNot Sold
32445727619Not SoldNot SoldNot Sold
325457260956095033.3
326121911828613715-2512.5
3273047745715Not SoldNot SoldNot Sold
328152382285883811266.7450
329609549143060954-33.30
33022858304774571550100
331152382285811429-50-25
332152382285816762-26.710
333914312191Not SoldNot SoldNot Sold
3343809653334640012068
335304774571522858-50-25
336274291380960273020-28.3-0.5
33712190718286125016336.8105.2
338609536914304160637475.7163.5
33930477457156400140110
340533344685728Not SoldNot SoldNot Sold
3413809653334Not SoldNot SoldNot Sold
342152382285812191-46.7-20
3433809653334Not SoldNot SoldNot Sold
3443809653334Not SoldNot SoldNot Sold
3457619210666960954-42.9-20
346152382285864001180320
347228576304768Not SoldNot SoldNot Sold
3487619210666912190714.360
349182861274291173971-36.6-4.9
349A18286127429134159324.586.8
350609549143010666916.775
351457156095442668-30-6.7
352274291380960250163-34.3-8.8
3532285830477Not SoldNot SoldNot Sold
354228583047722858-250
355182861274291Not SoldNot SoldNot Sold
3564572609513715125200
3573809653334Not SoldNot SoldNot Sold
358609549143068573-2512.5
35910667137157619-44.4-28.6
3601523822858Not SoldNot SoldNot Sold
361533346857310666955.6100
362152382285815238-33.30
363274291380960265401-30.3-3.2
364152382285810972-52-28
36538096533346704925.776
3663047745715548582080
367152384228576152384-33.30
36838096533347314437.192
36991430121907121907033.3
370380965333439620-25.74
371457156095436572-40-20
372380960533344341593-36-10.3
3736095491430Not SoldNot SoldNot Sold
3742285830477335241046.7
375335245426675341593-19.91.9
3767619210666912952621.470
3784571560954761922566.7
37918286274295181188.9183.3
380152422861524-33.30
38160959143Not SoldNot SoldNot Sold
38230477457156095433.3100
3832285830477350481553.3
384182862742927429050
385609549143060954-33.30
386182862742918286-33.30
387228583047732001540
3889143121919143-250
389380965333448763-8.628
39076191066710667040
3911523822858Not SoldNot SoldNot Sold
3921523822858Not SoldNot SoldNot Sold
3939143121919143-250
3941828627429Not SoldNot SoldNot Sold
3951828627429Not SoldNot SoldNot Sold
396106671371510667-22.20
397304845723352-26.710
398304845721524-66.7-50
399182862742915238-44.4-16.7
40030484572Not SoldNot SoldNot Sold
401457260954267-30-6.7
402380965333438096-28.60
403182862742917524-36.1-4.2
404152422861296-43.3-15
405106671371510667-22.20
406304845722895-36.7-5
4073047745715Not SoldNot SoldNot Sold
4087619106676095-42.9-20
4091523822858Not SoldNot SoldNot Sold
41045726095914350100
4117619106671828671.4140
412152422866095166.6299.9
4131524228612191433.3699.9
41415242286335246.6119.9
415152422867924246.6419.9
41615242286686-70-55
417152422861219-46.7-20
418152422861143-50-25
419228583047718286-40-20
4206095491430Not SoldNot SoldNot Sold
4215333468573Not SoldNot SoldNot Sold
4223809653334Not SoldNot SoldNot Sold
423304774571530477-33.30
4247619106674876-54.3-36
425304774571542668-6.740
4263809653334Not SoldNot SoldNot Sold
4271219118286Not SoldNot SoldNot Sold
4282285830477350481553.3
4293047745715Not SoldNot SoldNot Sold
430152382285816000-305
4319143121919143-250
43210667137156857-50-35.7
433304774571533524-26.710
43445727619Not SoldNot SoldNot Sold
435457260954572-250
4364571560954Not SoldNot SoldNot Sold
43710667137152133455.6100
4381066713715Not SoldNot SoldNot Sold
4392285830477Not SoldNot SoldNot Sold
4402285830477Not SoldNot SoldNot Sold
4417619210666976192-28.60
442609591436400-305
4431523822858Not SoldNot SoldNot Sold
444304774571542668-6.740
445304774571542668-6.740
4462285830477365722060
4471219118286Not SoldNot SoldNot Sold
44827429380966400168133.3
449304774571539620-13.330
45099050129526106669-17.67.7
451228583047760954100166.7
452380965333430477-42.9-20
4531523822858Not SoldNot SoldNot Sold
454457156095445715-250
455121907182861Not SoldNot SoldNot Sold
456228583047718286-40-20
457137146182861137146-250
4582285830477Not SoldNot SoldNot Sold
459121911828616762-8.337.5
460152382285815238-33.30
4611219118286Not SoldNot SoldNot Sold
46215242286762-66.7-50
4634572609518286200300
4647619106677619-28.60
4657619106678838-17.116
4661828627429Not SoldNot SoldNot Sold
4672285830477Not SoldNot SoldNot Sold
4683047745715Not SoldNot SoldNot Sold
469182862742918286-33.30
4706095914399058.362.5
47191431219132001162.5250
472152382285818286-2020
TOTAL:197611672808438121135638-24.77
TOTAL (Sold lots):1466849020878143211356381.244.1

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Featured image: Sabine Moritz-Aurora I (detail) (Courtesy of Sotheby’s) [mc4wp_form]