Auction Results: 20th Century & Contemporary Art Evening and Day Sales, June 27 and 28, 2019 @Phillips London

While the top lot Cindy Sherman film still didn’t sell at the recent 20th Century & Contemporary Art sales at Phillips in London, the rest of the photography on offer performed solidly. A John Baldessari print took the top honors, and with an admirable Buy-In Rate for photography (under 19%), the Total Sale Proceeds (for photography) came in above the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 16
Aggregate Pre Sale Low Estimate £797000
Aggregate Pre Sale High Estimate £1141000
Total Lots Sold 13
Total Lots Bought In 3
Buy In % 18.75%
Total Sale Proceeds £813750

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

Detailed Breakdown
Low Total Lots 0
Total Low Lots Sold NA
Total Low Lots Bought In MA
Low Buy In % NA
Aggregate High Estimate of Low Lots £0
Total Proceeds from Low Lots £0
Mid Total Lots 4
Total Mid Lots Sold 4
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots £56000
Total Proceeds from Mid Lots £73750
Total High Lots 12
Total High Lots Sold 9
Total High Lots Bought In 3
High Buy In % 25.00%
Aggregate High Estimate of High Lots £1085000
Total Proceeds from High Lots £740000

The top photography lot by High estimate was lot 7, Cindy Sherman, Untitled Film Still #25, 1978, estimated at £150000-200000; it did not sell. The top photography outcome of the sales was lot 160, John Baldessari, Nose & Ears, Etc., Part III: Two Altered Persons (One with Yellow Nose), 2007, estimated at £100000-150000, sold at £181250 (image above, via Phillips).

100.00% 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 215, Gilbert & George, Coronation, 1980, estimated at £4000-6000, sold at £23750

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

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Read more about: Gilbert and George, John Baldessari, Phillips

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