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).
