Auction Preview: Under the Influence, September 16, 2014 @Phillips

With the hustle of the Fall season now upon us, Phillips gets things started on the auction front with its Under the Influence sale in New York on the 16th. Given its role as a warm up, it’s got just enough of interest to start the wheels of collecting spinning once again. Overall, there are a total of 42 lots of photography available across the sale, with a Total High Estimate of $825000.

There has been quite a bit of talk of late debating the prevalence of flipping in the contemporary art markets, but if this sale is any indication, this practice has not swamped the photography world just yet. There are 6 lots on offer made in 2011 or later in this auction, representing just over 14% of the photo lots available; if the sale had included vintage work, this percentage would likely have been even lower. That said, the fact that works by Elad Lassry, Alex Prager, and Roe Ethridge are among the short term turn arounds isn’t particularly surprising, given their more flashy momentum among contemporary collectors.

Here’s the statistical breakdown:

Preview Statistics
Total Low Lots (high estimate up to and including $10000) 19
Total Low Estimate (sum of high estimates of low lots) $125000
Total Mid Lots (high estimate between $10000 and $50000) 20
Total Mid Estimate $440000
Total High Lots (high estimate above $50000) 3
Total High Estimate $260000

The top lot by High estimate is lot 56, Thomas Demand, Abgang/Exit, 2000, estimated at $80000-120000 (image above, middle, via Phillips).

Here’s the short list of photographers with three or more lots in the sale, along with the number of lots on offer:

Multiple Lots For Sale
Vik Muniz 3
Andy Warhol 3

Other lots of interest include lot 31, Eileen Quinlan, The Conformist, 2010, estimated at $6000-8000 (image above, right, via Phillips) and lot 78, Alex Prager, Sheryl (from the series Week-End), 2009, estimated at $8000-12000 (image above, left, via Phillips).

The complete lot by lot catalog can be found here.

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