Auction Results: 20th Century & Contemporary Art: Online Auction, July 26, 2023 @Phillips

The results for the photography lots included in the recent 20th Century & Contemporary Art: Online Auction at Phillips were generally uneventful. The top lot Vik Muniz print sold within its estimate range, and with a respectable overall Buy-In rate for photography of roughly 15% (with some lots sold without reserves), the Total Sale Proceeds for photography (of roughly $135K) fell just under the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 33
Aggregate Pre Sale Low Estimate $141500
Aggregate Pre Sale High Estimate $204500
Total Lots Sold 28
Total Lots Bought In 5
Buy In % 15.15%
Total Sale Proceeds $135255

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

Detailed Breakdown
Low Total Lots 29
Total Low Lots Sold 24
Total Low Lots Bought In 5
Low Buy In % 17.24%
Aggregate High Estimate of Low Lots $148500
Total Proceeds from Low Lots $92710
Mid Total Lots 4
Total Mid Lots Sold 4
Total Mid Lots Bought In 0
Mid Buy In % 0.00%
Aggregate High Estimate of Mid Lots $56000
Total Proceeds from Mid Lots $42545
Total High Lots 0
Total High Lots Sold NA
Total High Lots Bought In NA
High Buy In % NA
Aggregate High Estimate of High Lots $0
Total Proceeds from High Lots $0

The top photography lot by High estimate was lot 103, Vik Muniz, Mill in Sunlight, After Piet Mondrian from the series Pictures of Pigment, 2006, estimated at $15000-20000; it was also the top photography outcome of the sale at $16510 (images above, via Phillips.)

64.29% of the lots that sold had proceeds in or above the estimate range and there were no positive photographic surprises in the sale (defined as having proceeds of at least double the high estimate).

The complete lot by lot results can be found here.

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