Auction Results: 20th Century & Contemporary Art Evening and Day Sales, March 7 and 8, 2019 @Phillips London

The photography included in the recent 20th Century & Contemporary Art sales at Phillips in London generally performed to expectations. The top lot Andreas Gursky print found a buyer, the Buy-In rate for photography was under 20%, and the Total Sale Proceeds fell into the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 17
Aggregate Pre Sale Low Estimate £1104000
Aggregate Pre Sale High Estimate £1634000
Total Lots Sold 14
Total Lots Bought In 3
Buy In % 17.65%
Total Sale Proceeds £1349375

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 NA
Low Buy In % NA
Aggregate High Estimate of Low Lots £0
Total Proceeds from Low Lots £0
Mid Total Lots 6
Total Mid Lots Sold 6
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots £69000
Total Proceeds from Mid Lots £81875
Total High Lots 11
Total High Lots Sold 8
Total High Lots Bought In 3
High Buy In % 27.27%
Aggregate High Estimate of High Lots £1565000
Total Proceeds from High Lots £1267500

The top photography lot by High estimate was lot 16, Andreas Gursky, May Day V, 2006, estimated at £450000-650000. It was also the top photography outcome of the sales at £495000 (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 29, Cory Arcangel, Photoshop CS: 72 by 110 inches, 300 DPI, RGB, square pixels, default gradient “Blue, Red, Yellow”, mousedown y=11050 x=3350, mouseup y=16300 x=19900, 2009, estimated at £100000-150000, sold at £300000

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

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Read more about: Andreas Gursky, Cory Arcangel, Phillips

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