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).
