Auction Update Review
The Ides of March Approach
For the week ending Saturday
February 25th seven auctions were archived; four denominated in
Euros, two in dollars and one in British Pounds. On thousand eight hundred and thirty-five
lots were offered and one thousand three hundred and eleven sold for a 71%
sell-through. The aggregate low and high
estimates of all sold were $1,092,043 and $1,637,492 and total sales
$1,822,661. The total high estimate of
all lots offered was $2,546,503, total sales 72% of this amount. When the aggregate value of all lots sold
approaches 100% of the aggregate high estimate it suggests a strong
market. When that percentage falls below
70% it suggests that lot estimates are consistently exceeding buyer interest.
For the week two auctions reached
or exceeded their aggregate high estimates:
Bruun Rasmussen. Books on February 19th: 146%
Swann Auction Gallery. Private Presses and Illustrated Books on
February 23rd: 120%
For the week ahead 13 sales are
scheduled:
Monday Feb. 27th Alde. Jacques Montessaro Library (183312)
Tuesday Feb. 28th Bruun Rasmussen. Modern Prints (1209a)
Swann
Galleries. 100 Fine Photographs (2270)
Wednesday Feb. 29th Bruun Rasmussen. Old Prints (1209a)
Thursday March 1st Aguttes. Modern and Ancient Books (18546)
Dorotheum. Modern Prints (9264)
Heritage
Auctions. Illustration Art Signature
Online (5090)
Heritage
Auctions. Internet Rare Books and
Autographs (201209)
PBA. Fine and Rare Golf Books and Memorabilia
(474)
Swann
Galleries. Printed & Manuscript
African Americana (2271)
Friday March 2nd Heritage Auctions. Illustration Art online [continues] 5090
Neret
– Minet & Tessier. Archeology
(12045)
Saturday March 3rd Heritage Auctions. Texiana – online (6067)
The market seems a bit distracted. What
with politics in the United States, nuclear concerns in the Middle East and
anxiety in Europe everyone has a reason to look away. For those who stay focused this makes for
good possibilities.
Bruce McKinney
AE
February 26th, 2012
