Auction Results: 20th Century & Contemporary Art Evening and Day Sales, November 16 and 17, 2016 @Phillips

While the photographic Robert Rauschenberg work which was the top photography lot in Phillips’ recent 20th Century and Contemporary Art sales in New York didn’t find a buyer, the rest of the photography on offer largely tracked to expectations. With an overall Buy-In rate for photography under 30% and a couple of positive surprises, the Total Sale Proceeds managed to clock in just under the low end of the pre-sale aggregate estimate range.

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

Summary Statistics
Total Lots 21
Aggregate Pre Sale Low Estimate $1013000
Aggregate Pre Sale High Estimate $1509000
Total Lots Sold 15
Total Lots Bought In 6
Buy In % 28.57%
Total Sale Proceeds $968750

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

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 NA
Mid Total Lots 14
Total Mid Lots Sold 11
Total Mid Lots Bought In 3
Mid Buy In % 21.43%
Aggregate High Estimate of Mid Lots $389000
Total Proceeds from Mid Lots $466250
Total High Lots 7
Total High Lots Sold 4
Total High Lots Bought In 3
High Buy In % 42.86%
Aggregate High Estimate of High Lots $1120000
Total Proceeds from High Lots $502500

The top photography lot by High estimate was lot 142, Robert Rauschenberg, Deepend (Scenario), 2006, estimated at $300000-500000 (image in preview post); it did not sell. The top photography outcome was lot 132, Bernd & Hilla Becher, Water Towers, 1988, estimated at $80000-120000, sold at $156250 (image in preview post).

93.33% of the lots that sold had proceeds in or above the estimate range and there were a total of 2 positive surprises in the sales (defined as having proceeds of at least double the high estimate): (images above via Phillips)

Lot 196, Sigmar Polke, Untitled, 1975, estimated at $35000-45000, sold at $150000

Lot 214, Matthew Barney, Cremaster 4: Field of the Ascending Faerie (Diptych), 1994, estimated at $20000-30000, sold at $75000

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

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Read more about: Matthew Barney, Sigmar Polke, Phillips

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