Auction Update Review
For the week ending Saturday March 24th 12 auctions were archived; 4 in US dollars, 2 in British pounds, and 6 in Euros. Five thousand four hundred and forty-six lots were offered and 3,783 sold for a 69.5% success. The total of the low estimates of the lots that sold was $1,700,683 and their high estimates $2,274,384 or $601 on average. As a group they brought $2,816,277 or $744 each. The 31.5% of the lots that failed to sell, 1,663 items, had high estimates that totaled $1,074,080 or $646, a very marginal difference from those that sold. This suggests bidders are choosing carefully. Total sales were 84% of the aggregate high estimate of all lots offered.
Where bidders saw things they wanted they paid up.
Four sales reached or exceeded 100% of their aggregate high estimates:
Kapandji Morhange. Books, Stamps, Autographs, Documents from Mathieu Varille’s Library on March 15th: 128%;
The Romantic Agony Book and Print Auctions. Books on March 16th: 112%;
Kapandji Morhange. Books, Stamps, Autographs, Documents from Mathieu Varille’s Library on March 16th: 109%;
Christie’s. Books on March 21st: 107%.
For the week ahead 20 sales are scheduled:
Tuesday Mar 27th Bloomsbury Auctions. Books, Autographs and Prints [Roma 7]
Bonhams. Fine Books, Maps and Manuscripts 
Bruun Rasmussen. Prints. 
Piasa. Manuscripts 
Wed March 28th Bruun Rasmussen. Prints  continued
Christie’s. Old Masters, Modern and Contemporary Prints 
Sotheby’s. Modern Illustrated Books from the Library of R. + B.L. [PF1223]
Thurs March 29th Bloomsbury Auctions. Modern and Contemporary Prints 
Bolaffi S. p. A. Autographs and Books 
Keys Fine Arts. Books 
Pacific Book Galleries (PBA). Americana – Travel and Exploration – Cartography 
Sotheby’s. Old Master, Modern and Contemporary Prints [L12160]
Friday March 30th Bonhams. Polar Sale. 
Eldred’s. Americana 
Key’s Fine Arts. Books 
Sat March 31st Artcurial Briest-Le Fur-Poulain-F. Tajan. Comic Strips 
Eldred’s. Americana 
Galerie Koller Auctions. Books. [A160]
Heritage Auctions [HA.com] Music and Entertainment Memorabilia – online [Bidstart 3/11] 
Sun April 1st Coutau-Begarie. Antiquarian Books. 
By the end of April we will have a clear sense of the year. Consignors have been cautious. On April 10th one of the best minds in the field, Kenneth Nebenzahl, sends his best material into the rooms at Christie’s in New York for what is expected to be the most important sale of the year. The reserves are anticipated to be modest, a sign of Mr. Nebenzahl’s belief that the market can be trusted to set proper valuations.
March 25th, 2012