Auction Results: 20th Century & Contemporary Art Evening and Day Sales, March 8 and 9, 2018 @Phillips London

The photography included in Phillips’ 20th Century & Contemporary Art sales in London last week performed without much in the way of incident. An inky Wolfgang Tillmans abstract took the top honors, and with an overall Buy-In rate for photography under 20%, the Total Sale Proceeds fell in 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 36
Aggregate Pre Sale Low Estimate £1627000
Aggregate Pre Sale High Estimate £2435000
Total Lots Sold 29
Total Lots Bought In 7
Buy In % 19.44%
Total Sale Proceeds £2059250

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 19
Total Mid Lots Sold 16
Total Mid Lots Bought In 3
Mid Buy In % 15.79%
Aggregate High Estimate of Mid Lots £287000
Total Proceeds from Mid Lots £333750
Total High Lots 17
Total High Lots Sold 13
Total High Lots Bought In 4
High Buy In % 23.53%
Aggregate High Estimate of High Lots £2148000
Total Proceeds from High Lots £1725500

The top photography lot by High estimate was lot 4, Gilbert & George, The Man, 1978, estimated at £300000-500000; it sold at £321000. The top photography outcome of the sales was lot 3, Wolfgang Tillmans, Greifbar 27, 2014, estimated at £200000-300000, sold at £465000 (image above, via Phillips).

93.10% of the lots that sold had proceeds in or above the estimate range and there was 2 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 246, Barbara Kruger, How Can I Be a Better Person, 2011, estimated at £15000-20000, sold at £42500

Lot 254, Hiroshi Sugimoto, English Channel, Weston Cliff, 1994, estimated at £12000-18000, sold at £58750

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

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Read more about: Barbara Kruger, Hiroshi Sugimoto, Wolfgang Tillmans, Phillips

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