Auction Results: 20th Century & Contemporary Art Day Sale, Morning and Afternoon Sessions, November 16, 2022 @Phillips

While there were no photographs included in the evening sale, the photography lots on offer in Phillips’ 20th Century & Contemporary Art day sales in New York last week generally performed as expected. The top lot Wolfgang Tillmans print continued a strong run of outcomes for large Tillmans abstractions (with that momentum likely amplified by his current MoMA retrospective), and with an overall Buy-In rate for photography under 20%, the Total Sale Proceeds for photography (of roughly $695K) fell 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 11
Aggregate Pre Sale Low Estimate $629000
Aggregate Pre Sale High Estimate $874000
Total Lots Sold 9
Total Lots Bought In 2
Buy In % 18.18%
Total Sale Proceeds $695520

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 0
Total Low Lots Sold NA
Total Low Lots Bought In NA
Low Buy In % NA
Aggregate High Estimate of Low Lots $0
Total Proceeds from Low Lots $0
Mid Total Lots 7
Total Mid Lots Sold 6
Total Mid Lots Bought In 1
Mid Buy In % 14.29%
Aggregate High Estimate of Mid Lots $174000
Total Proceeds from Mid Lots $172620
Total High Lots 4
Total High Lots Sold 3
Total High Lots Bought In 1
High Buy In % 25.00%
Aggregate High Estimate of High Lots $700000
Total Proceeds from High Lots $522900

The top photography lot by High estimate was lot 335, Wolfgang Tillmans, Greifbar 27, 2014, estimated at $250000-350000; it was also the top photography outcome of the sales at $302400 (image above, via Phillips).

88.89% of the lots that sold had proceeds in or above the estimate range and there were no positive surprises in the sales (defined as having proceeds of at least double the high estimate).

The complete lot by lot results can be found here (Morning) and here (Afternoon).

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