Auction Results: 20th Century & Contemporary Art Evening, Morning, and Afternoon Sales, November 17 and 18, 2021 @Phillips

The photography included in Phillips’ 20th Century & Contemporary Art sales in New York last week performed well. With no photography lots in the Evening sale, nearly all of the photo lots were relegated to the Afternoon session, where the top lot John Baldessari work found a buyer near the top of its estimate range. With a photographic Buy-In rate under 7% (plus two lots withdrawn) and a couple of positive surprises to add to the momentum, the Total Sale Proceeds for photography (of roughly $1.4M) came in above the high end of the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 $862000
Aggregate Pre Sale High Estimate $1283000
Total Lots Sold 15
Total Lots Bought In 1
Buy In % 6.25%
Total Sale Proceeds $1445220

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 2
Total Low Lots Sold 2
Total Low Lots Bought In 0
Low Buy In % 0.00%
Aggregate High Estimate of Low Lots $16000
Total Proceeds from Low Lots $30240
Mid Total Lots 9
Total Mid Lots Sold 8
Total Mid Lots Bought In 1
Mid Buy In % 11.11%
Aggregate High Estimate of Mid Lots $257000
Total Proceeds from Mid Lots $343980
Total High Lots 5
Total High Lots Sold 5
Total High Lots Bought In 0
High Buy In % 0.00%
Aggregate High Estimate of High Lots $1010000
Total Proceeds from High Lots $1071000

The top photography lot by High estimate was lot 350, John Baldessari, Two Figures (Red) and Two Figures (Green) in Different Environments (Food), 1990, estimated at $300000-500000; it was also the top photography outcome of the sales at $478800 (image above, via Phillips).

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

Lot 377, Louise Lawler, A.C.A.D.E.M.Y., 1987, estimated at $18000-22000, sold at $44100

Lot 384, Roe Ethridge, Rockaway (90th Street), 2008, estimated at $4000-6000, sold at $13860

Lot 447, Francesco Vezzoli, Veruschka is Expected to be Here, 2001, estimated at $18000-25000, sold at $81900

The complete lot by lot results can be found here (Evening), here (Morning), and here (Afternoon).

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Read more about: Francesco Vezzoli, John Baldessari, Louise Lawler, Roe Ethridge, Phillips

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