Auction Results: 20th Century & Contemporary Art Evening and Day Sales, October 14 and 15, 2021 @Phillips London

The photography on offer in Phillips’ 20th Century & Contemporary Art sales last week in London performed admirably. The top photo lot (a late 1970s Gilbert & George piece) found a buyer above its estimate range, and buoyed by some Gerhard Richter prints (which seemingly always sell well), the Total Sale Proceeds for photography came in above £1.1M, above the high end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 16
Aggregate Pre Sale Low Estimate £734000
Aggregate Pre Sale High Estimate £1008000
Total Lots Sold 13
Total Lots Bought In 3
Buy In % 18.75%
Total Sale Proceeds £1102500

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 8
Total Mid Lots Sold 8
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots £108000
Total Proceeds from Mid Lots £161280
Total High Lots 8
Total High Lots Sold 5
Total High Lots Bought In 3
High Buy In % 37.50%
Aggregate High Estimate of High Lots £900000
Total Proceeds from High Lots £941220

The top photography lot by High estimate was lot 26, Gilbert & George, Day, 1978, estimated at £350000-450000; it was also the top photography outcome of the sales at £453600 (image above, via Phillips).

100.00% of the lots that sold had proceeds in or above the estimate range and there were 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (image above, via Phillips):

Lot 184, Gerhard Richter, Six works: (i) Cage P19-1; (ii) Cage P19-2; (iii) Cage P19-3; (iv) Cage P19-4; (v) Cage P19-5; (vi) Cage P19-6, 2020, estimated at £30000-40000, sold at £113400

Lot 187, Gerhard Richter, Haggadah (P2), 2014, estimated at £10000-15000, sold at £32760

Lot 199, Lorna Simpson, Ultra Blue, 2013, estimated at £6000-8000, sold at £32760

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

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Read more about: Gerhard Richter, Gilbert and George, Lorna Simpson, Phillips

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