NEW YORK, NY.- At Sotheby’s, bidding began for Photographs from
the Polaroid Collection with the opening session bringing a remarkable
$7,197,439, well-above expectations (est. $2.9/4.5 million) and with every lot
finding a buyer. With more than 300 hundred lots left to sell tomorrow, the
running total has already exceeded the low estimate for the entire sale (est.
$6.9/10.7 million). Competition was fierce with a full salesroom competing
against numerous telephones resulting in as many as ten different bidders vying
for certain works. The sale was 100% sold with nearly 87% of the lots achieving
prices at or above their estimates. Artist records were set for Ansel Adams and
Lucas Samaras, in addition to records for photographs at auction by Chuck Close,
Andy Warhol, Robert Rauschenberg and David Hockney, among others.