Auction Update Review
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.
July 17th, 2011