Auction Update Review
If its July there are fireworks
For the week ending Saturday June 28th 23 auctions were archived to the AED; 9 denominated in euros, 4 in British pounds, and 10 in US dollars. Turnover was $12,699,640 as 13,499 lots were offered and 8,609 sold for a relatively weak 64% success rate. Reoffers and weaker material on the sell side and less attention on the buy side often show up as spot weakness. Nevertheless great material continues to come into the rooms.
<--- Profiles in History. Property of a Distinguished American Private Collector IV on July 11th. Lot 1: Adams, John, Second President. Fine autograph letter signed. Estimated $15,000 - $20,000 Click on the image to see the full sale
3 auctions saw their total proceeds reach a million dollars:
Sothebys. Modern Art - Prints on June 23rd: $3,782,500
Sothebys. A Rock & Roll History: Presley to Punk on June 24th: $3,210,817
Kiefer Buch und Kunstauktionen. Old and Rare Books and Manuscripts on May 3rd: $1,016,769
8 auctions saw total sales exceed 100% of the high estimates of all lots offered in the sale:
OSENAT. The Empire at Fontainebleau on June 15th: 184.83%
Ferraton. Books and Prints, Part II on June 21st: 157.87%
Bonhams. Printed Books, Maps and Photographs on June 25th: 129.86%
Ferraton. Books and Prints, Part I on June 20th: 112.34%
PIASA. Ancient and Modern Prints on June 20th: 111.15%
Dirk Soulis Auctions. the Estate of Mary McRory on June 20th: 105.23%
Gonnelli Casa DAste. Books, Manuscripts, Prints on May 16th: 101.73%
Sothebys. Modern Art - Prints on June 23rd: 101.14%
12 sales saw at least 80% of their lots sell:
Dirk Soulis Auctions. the Estate of Mary McRory on June 20th: 100.00%
Sothebys. Modern Art - Prints on June 23rd: 100.00%
Heritage Auctions. Comics -Internet bidstart 6/15 on June 22nd: 99.87%
Heritage Auctions. Movie Posters - Internet bidstart 6/15 on June 22nd: 94.01%
Rachel Davis Fine Arts. Works on Paper and Books on June 14th: 89.64%
Lancaster Mennonite Historical Society. RARE, OUT-OF-PRINT, AND USED BOOKS on June 13th: 89.15%
Bonhams. Printed Books, Maps and Photographs on June 25th: 88.27%
Bonhams. ASIAN DECORATIVE WORKS OF ARTS - Ref Books and Woodblock Prints on June 25th: 86.96%
Heritage Auctions. Rare Books - Internet bidstart 6/19 on June 26th: 85.25%
Ferraton. Books and Prints, Part I on June 20th: 84.92%
Bruun Rasmussen. Modern and Contemporary Prints on June 24th: 82.86%
Ferraton. Books and Prints, Part II on June 21st: 80.27%
In the rare book, manuscript, map and ephmera auction market anymore the sun never sets.
Bruce McKinney
AE