While there wasn’t a lot of contemporary photography included in Phillips’ recent 20th Century & Contemporary Art sales in New York, what was on offer sold through with perfection. All 14 lots of photography found buyers (making the overall Buy-In rate for photography a tidy 0.00%), and with a couple of positive surprises, the Total Sale Proceeds found their way to the top end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 14 |
| Aggregate Pre Sale Low Estimate | $760000 |
| Aggregate Pre Sale High Estimate | $1087000 |
| Total Lots Sold | 14 |
| Total Lots Bought In | 0 |
| Buy In % | 0.00% |
| Total Sale Proceeds | $965000 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 1 |
| Total Low Lots Sold | 1 |
| Total Low Lots Bought In | 0 |
| Low Buy In % | 0.00% |
| Aggregate High Estimate of Low Lots | $7000 |
| Total Proceeds from Low Lots | $6250 |
| Mid Total Lots | 9 |
| Total Mid Lots Sold | 9 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | $200000 |
| Total Proceeds from Mid Lots | $258750 |
| Total High Lots | 4 |
| Total High Lots Sold | 4 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00% |
| Aggregate High Estimate of High Lots | $880000 |
| Total Proceeds from High Lots | $700000 |
The top photography lot by High estimate was lot 44, Wolfgang Tillmans, Freischwimmer 154, 2010, estimated at $250000-350000 (image in preview post). It was also the photography top outcome of the sale at $275000
92.86% 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 380, Anne Collier, Double Marilyn, 2007, estimated at $15000-20000, sold at $50000 (image in preview post)
Lot 383, David LaChapelle, Anointing from the series Jesus is my Homeboy, 2003, estimated at $15000-20000, sold at $43750
The complete lot by lot results can be found here (Evening), here (Morning), and here (Afternoon).
