The results for the photographs buried in Phillips’ two Armory week sales were generally as expected: the Buy-In rate for photography was under 30% and the Total Sale Proceeds for photography cleared the aggregate low estimate.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 86 |
| Aggregate Pre Sale Low Estimate | $1412000 |
| Aggregate Pre Sale High Estimate | $2002000 |
| Total Lots Sold | 62 |
| Total Lots Bought In | 24 |
| Buy In % | 27.91% |
| Total Sale Proceeds | $1491150 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 31 |
| Total Low Lots Sold | 20 |
| Total Low Lots Bought In | 11 |
| Low Buy In % | 35.48% |
| Aggregate High Estimate of Low Lots | $232000 |
| Total Proceeds from Low Lots | $184375 |
| Mid Total Lots | 46 |
| Total Mid Lots Sold | 35 |
| Total Mid Lots Bought In | 11 |
| Mid Buy In % | 23.91% |
| Aggregate High Estimate of Mid Lots | $1040000 |
| Total Proceeds from Mid Lots | $789775 |
| Total High Lots | 9 |
| Total High Lots Sold | 7 |
| Total High Lots Bought In | 2 |
| High Buy In % | 22.22% |
| Aggregate High Estimate of High Lots | $730000 |
| Total Proceeds from High Lots | $517000 |
The top photography lot by High estimate was lot 21, Richard Prince, Untitled (Massage), 1980-1981, estimated at $100000-150000; it sold for $146500.
87.10% of the lots that sold had proceeds in or above the estimate range. There were a total of 4 surprises in these sales (defined as having proceeds of at least double the high estimate):
Lot 133, Slater Bradley, Factory Ikon, 2007, estimated at $6000-8000, sold at $16250
Lot 134, Slater Bradley, Boulevard of Broken Dreams (Perine 02), 2009, estimated at $6000-8000, sold at $18750 (image at right, bottom, via Phillips)
Lot 267, Larry Sultan, Sharon Wild (from The Valley series), 2001, estimated at $4000-6000, sold at $21250 (image at right, middle, via Phillips)
Lot 279, Vitaliy and Elena Vasilieva, Ice (triptych), 2011, estimated at $25000-30000, sold at $106900 (image at right, top, via Phillips)
Complete lot by lot results can be found here (Contemporary Art and Design) and here (Under the Influence).
