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
Pre Sale Low Total Estimate £1627000
Pre Sale High Total 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
Low Sold NA
Low Bought In NA
Low Buy In % NA
Total Low Estimate £0
Total Low Sold £0
Mid Total Lots 19
Mid Sold 16
Mid Bought In 3
Mid Buy In % 15.79%
Total Mid Estimate £287000
Total Mid Sold £333750
Total High Lots 17
High Sold 13
High Bought In 4
High Buy In % 23.53%
Total High Estimate £2148000
Total High Sold £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).

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

Leave a comment

Your email address will not be published.

Recent Articles

Don Herron, Tub Shots @Daniel Cooney

Don Herron, Tub Shots @Daniel Cooney

JTF (just the facts): A total of 64 black and white photographs, framed in black and matted, and hung against white and grey walls in the two room gallery space. ... Read on.

Sign up for our weekly email newsletter