AUCTION CLOSED
OSTLICHT CAMERA & PHOTO AUCTION
SHANGHAI, 16 November 2024
YOU CAN FIND THE RESULTS HERE
SENSATIONAL RESULTS AT THE FIRST OSTLICHT SHANGHAI AUCTION !
The very first camera auction ever held on Chinese soil on 16 November brought sensational results and set new standards. An incredible 99% of the 164 high-caliber lots were sold, including world record prices.
The highlight of the 164-lot camera auction was a Leica IIIg from 1960, which was produced as a sample for the German Bundeswehr. After an exciting 14-minute bidding battle between three interested parties, a long-distance telephone bidder won the auction for the record sum of 3,620,000 euros (including buyer's premium) - more than 45 times the starting price of 80,000 euros!
Other cameras also achieved impressive results: The Leica M3 from 1953, one of the first M cameras produced with the serial number 700008, achieved the equally record-breaking price of €945,000 (starting price was €140,000). Lot 41, the black-painted Leica MP-97, realized 710,000 euros, with a starting price of 220,000 euros. On average, the lots were auctioned for five times their starting price.
The subsequent photo auction also proved to be a great success: 75 per cent of the photographs on offer found new owners.
The great Fotografiska Museum in Shanghai provided the perfect setting for this historic event, which once again emphasized the importance of OstLicht Auctions under the direction of Peter Coeln. After 23 years in the vintage camera auction business and 33 successful WestLicht Photographica Auctions, the premiere of OstLicht Auctions Shanghai marked another milestone.
‘Realizing this project together with our Chinese partner Lidong-Auctions and Fotografiska Museum was an extremely big challenge and an adventure with an uncertain outcome. The eighty or so collectors in the room made this auction a very special event, as did the 150 bidders who took part internationally online and by telephone. We are already looking forward to the challenges ahead,’ says Peter Coeln.
If you are interested to take part in our big spring auction, we still look for rare and special vintage cameras or accessories. In case, please contact Peter Coeln (coeln@westlicht.com) directly.
We wish you a peaceful New Year,
OstLicht Auction team.
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