Auction Results: 20th Century & Contemporary Art Evening and Day Sales, June 26 and 27 @Phillips London

The results for the photography buried in the recent 20th Century & Contemporary Art sales at Phillips is London were solid. A Wolfgang Tillmans paper fold image led the way, and with a low Buy-In rate for photography (under 10%) and a few additional positive surprises, the Total Sale Proceeds for photography came in near the top of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 23
Pre Sale Low Total Estimate £701000
Pre Sale High Total Estimate £1009000
Total Lots Sold 21
Total Lots Bought In 2
Buy In % 8.70%
Total Sale Proceeds £930625

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

Detailed Breakdown
Low Total Lots 2
Low Sold 1
Low Bought In 1
Low Buy In % 50.00%
Total Low Estimate £6000
Total Low Sold £2500
Mid Total Lots 13
Mid Sold 13
Mid Bought In 0
Mid Buy In % 0.00%
Total Mid Estimate £173000
Total Mid Sold £210625
Total High Lots 8
High Sold 7
High Bought In 1
High Buy In % 12.50%
Total High Estimate £830000
Total High Sold £717500

The top photography lot by High estimate was lot 3, Wolfgang Tillmans, Paper Drop (Star) II, 2007, estimated at £200000-300000; it was also the top photography outcome of the sales at £200000 (image above, via Phillips).

95.24% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Phillips):

Lot 278, Wolfgang Tillmans, Silver 165, 2013, estimated at £6000-8000, sold at £20000

Lot 281, Sophie Calle, Twenty Years Later, 2001, estimated at £6000-8000, sold at £22500

Lot 301, Gerhard Richter, Haggadah (P2), 2014, estimated at £6000-8000, sold at £16250

The complete lot by lot results can be found here (Evening) and here (Day).

Read more about: Gerhard Richter, Sophie Calle, Wolfgang Tillmans, Phillips

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