While the photography offerings in the recent 20th Century & Contemporary Art sales at Phillips in London were rather meager, what was available performed solidly. A Gilbert & George print took the top lot honors, and with a Buy-In rate for photography of just 10%, the Total Sale Proceeds for photography came in above £500K, above the high end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 10 |
| Aggregate Pre Sale Low Estimate | £325000 |
| Aggregate Pre Sale High Estimate | £461000 |
| Total Lots Sold | 9 |
| Total Lots Bought In | 1 |
| Buy In % | 10.00% |
| Total Sale Proceeds | £531875 |
Here is the breakdown (using our usual Low, Mid, and High price tier definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 1 |
| Total Low Lots Sold | 1 |
| Total Low Lots Bought In | 0 |
| Low Buy In % | 0.00% |
| Aggregate High Estimate of Low Lots | £4000 |
| Total Proceeds from Low Lots | £3750 |
| Mid Total Lots | 2 |
| Total Mid Lots Sold | 2 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | £22000 |
| Total Proceeds from Mid Lots | £24375 |
| Total High Lots | 7 |
| Total High Lots Sold | 6 |
| Total High Lots Bought In | 1 |
| High Buy In % | 14.29% |
| Aggregate High Estimate of High Lots | £435000 |
| Total Proceeds from High Lots | £531875 |
The top photography lot by High estimate was lot 18, Gilbert & George, CITY FAIRIES, 1991, estimated at £120000-180000; it sold at £156250. The top photography outcome of the sales was lot 159, Gilbert & George, Hooded, 2005, estimated at £60000-80000, sold at £237500 (image above, via Phillips).
88.89% of the lots that sold had proceeds in or above the estimate range and there was 1 positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Phillips):
Lot 159, Gilbert & George, Hooded, 2005, estimated at £60000-80000, sold at £237500
The complete lot by lot results can be found here (Evening) and here (Day).
