Auction Update Review
Even on the Quietest Day...
For the week ending July 16th,
2011 10 sales were archived; 1 in dollars, 4 in Euros and 5 in British
Pounds. Two thousand two hundred and
sixty-six lots were offered and 1,555 lots sold for a 69% sell though. The aggregate low estimate for lots sold was
$8,252,921, their aggregate high estimate for lots sold $12,124,518. Total sales were $15,622,888. The aggregate high estimate of all lots
offered was $16,974,661. Total sales
equaled 92% of the aggregate high estimate.
This week’s report is dominated by
Sothebys. The firm, in three sales,
raised $13,642,243 against their aggregate high estimates of $13,650,707,
effectively 100% of the high estimate.
Consignors had every reason to be pleased. Buyer passion for the best material continues
to rage even if the bids are being placed by phone from the Riviera and the
Hamptons.
For the sales reported two of
Sothebys and one conducted by Neret - Minet & Tessler reached or exceeded 100% of their
aggregate high estimates:
Sotheby’s on July 6th: Western Manuscripts and Literature. 176%;
Neret – Minet &
Tessler on July 6th. Comic
Strip Albums. 119%
Sotheby’s on June 17th. Fine Books and Manuscripts. 111%
For the week of July 18th
to the 25th 10 sales are scheduled;
Tuesday July 19th Mealy’s;
The Fred Hanna Collection;
Wed. July 20th Dominic
Winter; Printed Books & Maps;
Thursday July 21st Alexander
Autographs; Military and Autographs;
Christies; Prints and Multiples;
Dominic Winter; Old Master and Modern
Prints;
Doyle New York; Doyle at Home – Prints
Friday July 22nd Alexander
Autographs; Military and Autographs;
Saturday July 23rd Cowan’s;
Summer Fine and Decorative Art
Sunday July 24th Bonhams;
Books and Manuscripts;
National Book Auctions; Books and
Ephemera, leather, children’s, history
The Fred Hanna Collection at Mealy’s
in Kilkenny, Ireland on Tuesday July 19th is attracting particular
attention.
Bruce McKinney
AE
July 17th, 2011
