Auction Update Review
For the week ending
November 17, 2012, 20 auctions were archived to the AE Database. Nine
were in U.S. dollars, 5 in British pounds, and 6 in euros. All but
one took place between November 11-16. Sales were strong, with a 78%
sell-through rate. Typically, that number is in the low 70s. If
threats of America slipping off the fiscal cliff, Europe rolling back
into recession, and wider war breaking out in the Middle East were
making buyers nervous, they didn't display such fears in the auction
rooms. Hopefully, this poll of buyers of works on paper signals these
fears are overblown.
In total, 4,147 lots
were offered, 3,235 hammered down to new owners. Total sales were
$38,458,000, just under 78% of the total high estimates of all lots
offered. This, too, is a good number. There is a caveat here - $27
million of these sales were attributable to Christie's sale of Andy
Warhol prints. Warhol remains an icon of the generation now in its
prime buying years, and everything his brush touched has turned to
gold. It will take a few more generations to determine whether
history concludes his contributions to the arts were as important as
those of Shakespeare to literature, or of Nico to the Velvet
Underground. However, once the large Warhol sale is removed, we find
sales percentages of the remaining more traditional items virtually
the same. It was still a good week.
reached the million dollar mark:
Christie's. Andy Warhol Benefit: $27,040,092.
Christie's. Photographs: $3,829,677.
Sotheby's. Travel, Atlases, Maps and Natural History: $3,537,094.
Maps and Manuscripts: $1,224,944.
achieved currency volumes of over 100% of their total of high
Bruun Rasmussen. Books: 131%.
Maps and Manuscripts: 114%.
sold more than 80% of their lots:
Freeman's. Historic Muhlenberg Property from a Private Collection: 100%
National Book Auctions. Books and Ephemera: 100%.
Neret – Minet & Tessier. Comic Strips: 93%.
Christie's. Andy Warhol Benefit: 92%.
Freeman's. Pennsylvania Sale: 90%.
Bruun Rasmussen. Books: 88%.
Heritage Auctions (online). Rare Books: 83%.
Books and Manuscripts: 80%.
Thanksgiving holiday in America, the coming week will still be
active, with 15 sales scheduled:
Mon. Nov. 19:
Alde: Modern Illustrated Books, Children's Books.
Ketterer Kunst / F. Doerling: Rare Books
Tues. Nov. 20:
Ketterer Kunst / F. Doerling: Rare Books.
19th and 20th Century Literature.
Wed. Nov. 21:
Christie's: Valuable Books and Manuscripts.
Pierre Berge and
Thurs. Nov. 22:
(online): Rare Books.
Fri. Nov. 23:
Ader: Books for Children.
Artcurial Briest: Comic Strips.
Bloomsbury Auctions: Photographs.
Cornette de Saint Cyr: Photographs.
Ketterer Kunst / F. Doerling: Old Master Prints.
Keys Fine Arts:
Sat. Nov. 24:
Lots for each of
these auctions are now available on the AE website, so you can go to
AmericanaExchange.com now and go to the auction calendar to see all
lots available at each auction, or use the search box at the top of
the page to search for items in topics of interest at all 15 of these
auctions, and others in the weeks ahead.
November 18, 2012