Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction Analysis

May 24, 2015

On the May 22, we have witnessed a semi-successful auction at Christie's on King Street, London. Christie's: 20/21 Photographs: Photographs Selected By James Danziger, the photo editor turned photography dealer, managed to sell only 61 out of 103 lots and to gather $717,222 staying under the sum of high estimates of sold lots for $30,000. Almost one fifth of the gathered money was a merit of lot 30 or August Sander's Three Young Farmers On Their Way To A Dance, Westerland from 1914 sold for $131,657 and scoring the hammer high estimate difference of 750 percent at the same time!

August Sander: People of the Twentieth Century

People of the Twentieth Century, the collective portrait of German society made by German photographer August Sander, has fascinated viewers from its earliest presentation in a 1927 exhibition and the controversial publication of a selection of 60 images in the book Face of the Time published two years later. Despite Sander's dedication over five decades to the idea and compilation of this portrait atlas of the German people, the project remained unfinished. Nonetheless, his photographs remain compelling, in part because he chose to categorize his subjects by profession or social class. The images are thus representations of types, as he intended them to be, rather than portraits of individuals.

The Overview Of Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction

A partial success was seen at Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction. Out of 103 lots, 61 were sold, making that a 59.2 percent of sold lots. Twenty-three percent or 14 lots were sold over high estimate while 24 lots, or 39.3 percent, changed owners for a price under the low estimate. In range of estimated values, we have seen 23 lots being sold, or 37.7 percent. The highest hammer price was seen in the sale of previously mentioned August Sander’s work Three Young Farmers On Their Way To A Dance which was sold for $131,657. Average hammer price at this auction was $11,758. Hammer price median was $6970 (this means that the same number of lots were sold for more than $6970 and for less than $6970). The difference between average hammer price and median was -40.7 percent, which means that almost the same number of lots were sold bellow this auction’s average price as above it.

Besides August Saner's work, we should mention, as well, other lots with notable results achieved at this auction: Lloyd Ziff's Robert Mapplethorpe And Patti Smith, Andy Warhol's Crosses, Stephen Somerstein's Martin Luther King Jr and Henri Cartier-Bresson's Eton. On the other hand, some lots failed to achieve even the low estimates: Steven Meisel's Linda Evangelista, two artworks by Annie Leibovitz - Mohammed Ali and Clint Eastwood, Berenice Abbott's Nightview, Weegee's Fiorello La Guardia and Howard Sochurek's Martin Luther King Jr.

Scroll down to see the best and the worst performing lots of Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction .

Christie's London
Stephen Somerstein - Martin Luther King Jr, 1965, (lot 52) Estimated at $3,098 – $4,647. Sold for $9,293. This lot achieved double the hammer price over high estimate.

Christie's London
Lloyd Ziff - Robert Mapplethorpe And Patti Smith, Brooklyn, New York, 1968, (lot 100) Estimated at $4,647 – $7,745. Sold for $15,489. With a high estimate of $7.745, this lot achieved 100 percent over the high estimate with its hammer price.

Christie's London
Left: Steven Meisel - Linda Evangelista, 1990, (lot 1) Estimated at $15,489 – $23,234. Sold for $7,745 / Right: Weegee - Fiorello La Guardia, 1940-1945, (lot 43) Estimated at $3,098 – $4,647. Sold for $1,549. This lot was sold for half of the price of low estimate.

Christie's London
Left: Annie Leibovitz - Clint Eastwood, Burbank, California, 1980, (lot 49) Estimated at $4,647 – $7,745. Sold for $1,162 / Right: Annie Leibovitz - Mohammed Ali, 1979, (lot 35) Estimated at $9,923 – $12,391. Sold for $1,859. This lot scored the worst individual result with 80 percent hammer price under the low estimate.

Christie's London
Left: Andy Warhol - Crosses, 1982, (lot 82) Estimated at $4,647 – $7,745. Sold for $13,940. This lot scored 80 percent over the high estimate. / Right: Berenice Abbott - Nightview, New York, 1932, (lot 42) Estimated at $3,098 – $4,647. Sold for $1,549.

Christie's London
Henri Cartier-Bresson - Eton, 1962, (lot 93) Estimated at $12,391 – $15,489. Sold for $24,782. This lot achieved double the price of the low estimate.

Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction In Details

Please, scroll down to find out more about each lot that was auctioned at Christie's London: 20/21 Photographs: Photographs Selected By James Danziger Auction – find out their estimated values, hammer prices and find out which lots weren’t sold.

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All images are courtesy of Christie's London.

Slider images:

George Tice - Petit'S Mobil Gas Station, Cherry Hill, New Jersey, 1974 (lot 19)

Robert Capa - D-Day, 1944 (lot 83)