As a follow up to the initial sale of William Eggleston dye transfer printers’ proofs from the collection of Guy Stricherz and Irene Malli last March (results here), this sale at Phillips dug deeper into the Eggleston catalog and added works by a handful of other names. A set of prints from Bruce Davidson’s “Subway” project took the top lot honors. The overall Buy-In rate was under 5%, and with twenty positive surprises to push the numbers up further, the Total Sale Proceeds (of roughly $770K) came in near 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 | 86 |
| Aggregate Pre Sale Low Estimate | $522300 |
| Aggregate Pre Sale High Estimate | $791900 |
| Total Lots Sold | 82 |
| Total Lots Bought In | 4 |
| Buy In % | 4.65% |
| Total Sale Proceeds | $772733 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 73 |
| Total Low Lots Sold | 69 |
| Total Low Lots Bought In | 4 |
| Low Buy In % | 5.48% |
| Aggregate High Estimate of Low Lots | $364900 |
| Total Proceeds from Low Lots | $461583 |
| Mid Total Lots | 10 |
| Total Mid Lots Sold | 10 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | $187000 |
| Total Proceeds from Mid Lots | $165100 |
| Total High Lots | 3 |
| Total High Lots Sold | 3 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00 |
| Aggregate High Estimate of High Lots | $240000 |
| Total Proceeds from High Lots | $146050 |
The top lot by High estimate was lot 55, Bruce Davidson, Subway (47 prints), 1980/2006, estimated at $80000-120000; it was also the top outcome of the sale at $82550 (image above via Phillips).
Just 65.85% of the lots that sold had proceeds in or above the estimate range, but there were a total of 20 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):
Lot 1, William Eggleston, Untitled (crossing guard), c1970-1974/2012, estimated at $6000-8000, sold at $16510
Lot 2, William Eggleston, Untitled (dog in road), c1970-1974/2012, estimated at $5000-7000, sold at $44450
Lot 10, William Eggleston, Untitled (restroom door), c1972/2008, estimated at $4000-6000, sold at $16510
Lot 11, William Eggleston, Untitled (wall with club sign), c1972/2008, estimated at $3000-5000, sold at $10160
Lot 13, William Eggleston, Untitled (roses), c1970-1974/2012, estimated at $5000-7000, sold at $24130
Lot 14, William Eggleston, Untitled (man in lawn chair), c1970-1974/2012, estimated at $4000-6000, sold at $12065
Lot 15, William Eggleston, Untitled (man smoking), c1970-1974/2012, estimated at $3000-5000, sold at $13970
Lot 16, William Eggleston, Untitled (man in green room), c1970-1974/2012, estimated at $2000-3000, sold at $6985
Lot 24, William Eggleston, Untitled (feet on earth road), c1970-1974/2012, estimated at $2500-3500, sold at $8890
Lot 26, William Eggleston, Untitled (boy on grass), c1970-1974/2012, estimated at $2000-3000, sold at $6350
Lot 28, William Eggleston, Untitled (angel Barbie), 1998/1999, estimated at $3000-5000, sold at $10160
Lot 30, William Eggleston, Untitled (bassinet), c1970-1974/2012, estimated at $2000-3000, sold at $8255
Lot 31, William Eggleston, Untitled (near Friendship, Mississippi), 1976/2011, estimated at $2000-3000, sold at $6985
Lot 32, William Eggleston, Untitled (flooded river), 1982-1986/1999, estimated at $2000-3000, sold at $6350
Lot 41, Evelyn Hofer, Still Life No.7, Pewter Pitcher with Grapes, New York, 1997, estimated at $2500-3500, sold at $10160
Lot 46, Hiro, Apollo Spaceflight Training Suits, Houston, Texas, June 27, 1978/1997, estimated at $15000-25000, sold at $53340
Lot 54, Ernst Haas, Western Skies Motel, Colorado, 1978/1992, estimated at $2000-3000, sold at $7620
Lot 56, Bruce Davidson, Untitled, Subway, New York, 1980/2006, estimated at $4000-6000, sold at $12065
Lot 81, Arnold Newman, Dan Flavin, Kornblee Gallery, New York, 1967/1986, estimated at $2000-3000, sold at $8890
Lot 86, Ira Lerner, The Statue of Liberty with Scaffolding, 5-30-86, 1986, estimated at $500-700, sold at $3048
The complete lot by lot results can be found here.
