It’s been too long since my last post, but I have a lot of exciting things planned for this blog! First though I want to finish my analysis of the auctions I had in my last post. First is the Vivien Leigh auction held at the end of September at Sotheby’s in London.
It was an interesting auction to follow due to the star having passed away about 50 years ago and her last movie was over 52 years ago. Even though Ms. Leigh did not have as many films to her credit as other stars of her generation, the films she did were outstanding. I have not seen all her films but of the ones I have she made it feel as though she was meant for that role. Many remember her for Gone with the Wind but a favorite of mine was That Hamilton Woman, starring her then husband Laurence Olivier. Even in black and white her beauty and talent shown through. All photos courtesy of Sotheby’s
The auction had many of her personal possessions such as clothes, jewelry, photographs and furniture from the 1930s-1960s. This auction was interesting in how it tried to recapture the memories and life she led privately with her husband Olivier. It was clear that even though their marriage ended in 1961 after 20 years of marriage that she clearly continued to cherish the time they had together. So how did this translate to the bidders… very well in my opinion.
For my analysis I looked at US dollars and took out the buyer’s premium from the result when calculating how far above the estimate the lots went. My first thought when looking at the auction estimates was that they were too low. I was right all the 321 lots sold and of those 287 sold above the high estimate given by Sotheby’s.
I grouped the lots into types/categories, so you could get a better idea of how well the groups did.
Typically, when I look at auctions I see percentages above the estimate by lot go between 100%-600% for the top lots. For this auction the percentage was in the thousands. Below are the top 5 lots picked by percentage above the high estimate that they sold for not including buyer’s premium.
If you read my blog post before this, you would have seen that I picked the ‘eternally’ ring as a lot to watch. It is ridiculous to think that this ring given by Laurence Olivier to Leigh was only thought to go as high as $793. This tells me that the bidders were sentimental as well to this union.
Next was the Ship of Fools bracelet. I saw this movie recently, funny and sad all at once. Even though she is playing a bitter and aging beauty she is still charming, witty and striking as she had been in her previous movies. This bracelet went above the $198 to result in a sale of $7429.60, good for a costume bracelet.
Ms. Leigh was also a fan of art. She painted, collected and received artwork. Winston Churchill had been noted to give Ms. Leigh some of his own paintings as they were good friends. This piece is an illustration by Roger Furse around 1948 made of watercolor, pen and ink and pencil on paper. Vivien loved cats and I think this was a great tribute to those interests. This was only thought to bring in about $1982, its final price $67,540. As I said something was off with the predictions
Another jewelry lot consisting of a culture pearl brooch from 1964. Estimated to go to $159, sold for $5403.20.
Furniture, books, personal accessories such as dishes for entertaining was the biggest part of the auction. The fifth lot to do better than its high estimate was a Pier Mirror made between 1765 and 1780.
You might be wondering what was the lot that brought in the most money? That was reserved for the former Prime Minister Winston Churchill whose oil on canvas board titled Study of Roses brought in $719,020.
It really is beautiful. Made in the 1930s by Churchill and given to Leigh as a gift in 1951.
One more lot to note is lot 307 the diamond bow brooch that had been shared countless times on social media.
It was estimated to go for about $46,253. It sold for $49,980 (without buyer’s premium). Sotheby’s predicted that correctly.
Sotheby’s London clearly underestimated the interest in Vivien Leigh. Four of the five lots to outperform their estimate were personal items to her. Three were jewelry and not high-end jewelry, a gold band, a costume bracelet and a small pearl brooch. The illustration was of her and what she loved: reading and cats, among many other things.
For those looking to bid in future auctions keep in mind the emotional value an item has that may not be accounted for by the auction house. For those selling an item if it has a story, tell it! Sotheby’s I’m sure got a bit of a surprise with the success of those lots. Maybe though if they had shared other lots stories on social media those items may have done better still! The diamond bow brooch was nice, but Ms. Leigh had so many items that were noteworthy, not for the value of the lot itself but of the value of the owner. Ms. Leigh led a complicated and in some instances tragic life but always was a professional who continues to leave an impression on the public to this day.
There are so many other angles to look at this auction data. If you are interested in this return soon as I look at Aubrey Hepburn’s auction that occurred after Vivien Leigh’s at Christie’s London. Also, any comments about my thoughts or opinions on the auction or actress are welcomed. Please return for more Data in the Rough!