Auction Results: 20th Century & Contemporary Art Evening and Day Sales, February 13 and 14, 2020 @Phillips London

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).

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