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 |
| Aggregate Pre Sale Low Estimate | £701000 |
| Aggregate Pre Sale High 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 |
| Total Low Lots Sold | 1 |
| Total Low Lots Bought In | 1 |
| Low Buy In % | 50.00% |
| Aggregate High Estimate of Low Lots | £6000 |
| Total Proceeds from Low Lots | £2500 |
| Mid Total Lots | 13 |
| Total Mid Lots Sold | 13 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | £173000 |
| Total Proceeds from Mid Lots | £210625 |
| Total High Lots | 8 |
| Total High Lots Sold | 7 |
| Total High Lots Bought In | 1 |
| High Buy In % | 12.50% |
| Aggregate High Estimate of High Lots | £830000 |
| Total Proceeds from High Lots | £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).
