Auction Results: 20th Century & Contemporary Art Day Sale, March 4, 2022 @Phillips London

With no photography lots on offer in Phillips’ 20th Century & Contemporary Art evening sale last week in London, the day sale became the primary venue for photography. The pair of top photo lots split – one selling, one not – only to be bested by a brand new work by Anselm Kiefer combining photographic emulsion and gold leaf. In the end, the Total Sale Proceeds for photography came in at roughly £380K, squarely in the middle of the aggregate pre-sale estimate range.

The summary statistics are below (all results include the buyer’s premium):

Summary Statistics
Total Lots 16
Aggregate Pre Sale Low Estimate £320500
Aggregate Pre Sale High Estimate £475500
Total Lots Sold 13
Total Lots Bought In 3
Buy In % 18.75%
Total Sale Proceeds £387324

Here is the breakdown (using our usual Low, Mid, and High price tier definitions):

Detailed Breakdown
Low Total Lots 2
Total Low Lots Sold 2
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots £5500
Total Proceeds from Low Lots £6804
Mid Total Lots 5
Total Mid Lots Sold 5
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots £75000
Total Proceeds from Mid Lots £85680
Total High Lots 9
Total High Lots Sold 6
Total High Lots Bought In 3
High Buy In % 33.33%
Aggregate High Estimate of High Lots £395000
Total Proceeds from High Lots £294840

The top photography lot by High estimate was tied between two lots: lot 174, Gerhard Richter, Strip, 2011, and lot 175, Günther Förg, Alessandria, 1986, both estimated at £40000-60000; the Richter print sold at £69300, while the Förg print didn’t sell. The top photography outcome of the sale was lot 179, Anselm Kiefer, der Morgenthau-Plan (The Morgenthau Plan), 2021, estimated at £25000-35000, sold at £75600 (image above, via Phillips).

100.00% of the lots that sold had proceeds in or above the estimate range and there were 2 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (image above, via Phillips):

Lot 179, Anselm Kiefer, der Morgenthau-Plan (The Morgenthau Plan), 2021, estimated at £25000-35000, sold at £75600

Lot 180, Gerhard Richter, Haggadah (P2), 2014, estimated at £10000-15000, sold at £32760

The complete lot by lot results can be found here.

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Read more about: Anselm Kiefer, Gerhard Richter, Phillips

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