Auction Results: 20th Century & Contemporary Art Evening and Day Sales, October 4 and 5, 2018 @Phillips London

While the total number of photographs on offer in the recent 20th Century & Contemporary Art sales at Phillips in London was relatively small (just 14), they all found buyers, lifting the Total Sale Proceeds above the top of the aggregate pre-sale estimate range. A John Baldessari multi-part work led the way, with help from prints by Cindy Sherman and Barbara Kruger.

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

Summary Statistics
Total Lots 14
Pre Sale Low Total Estimate £1069000
Pre Sale High Total Estimate £1481000
Total Lots Sold 14
Total Lots Bought In 0
Buy In % 0.00%
Total Sale Proceeds £1736500

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 3
Mid Sold 3
Mid Bought In 0
Mid Buy In % 0.00%
Total Mid Estimate £46000
Total Mid Sold £43750
Total High Lots 11
High Sold 11
High Bought In 0
High Buy In % 0.00%
Total High Estimate £1435000
Total High Sold £1692750

The top photography lot by High estimate was tied between three lots: lot 33, John Baldessari, Upward Fall, 1986, lot 34, Cindy Sherman, Untitled Film Still #53, 1980, and lot 35, Barbara Kruger, Untitled (You Transform Prowess into Pose), 1984, each estimated at £150000-250000 or £200000-250000. The Baldessari work was the top photography outcome of the sales at £441000 (image above, via Phillips), while the Sherman print sold at £249000 and the Kruger print sold at £225000.

100.00% of the lots that sold had proceeds in or above the estimate range and there was 1 positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Phillips):

Lot 101, Gerhard Richter, Ohne Titel (24.4.89), 1989, estimated at £25000-35000, sold at £77500

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

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