While there was very little photography on offer in Phillips’ Contemporary Art sales in London last week, with the help of two positive surprises, the outcomes were at least solid for what was available. With an overall Buy-In rate for photography under 18%, the Total Sale Proceeds exceeded the pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 17 |
| Aggregate Pre Sale Low Estimate | £249000 |
| Aggregate Pre Sale High Estimate | £368000 |
| Total Lots Sold | 14 |
| Total Lots Bought In | 3 |
| Buy In % | 17.65% |
| Total Sale Proceeds | £400500 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 0 |
| Total Low Lots Sold | NA |
| Total Low Lots Bought In | NA |
| Low Buy In % | NA |
| Aggregate High Estimate of Low Lots | £0 |
| Total Proceeds from Low Lots | NA |
| Mid Total Lots | 12 |
| Total Mid Lots Sold | 10 |
| Total Mid Lots Bought In | 2 |
| Mid Buy In % | 16.67% |
| Aggregate High Estimate of Mid Lots | £193000 |
| Total Proceeds from Mid Lots | £176000 |
| Total High Lots | 5 |
| Total High Lots Sold | 4 |
| Total High Lots Bought In | 1 |
| High Buy In % | 20.00% |
| Aggregate High Estimate of High Lots | £175000 |
| Total Proceeds from High Lots | £224500 |
The top lot by High estimate was lot 224, Vitaliy and Elena Vasilieva, Project ‘Apocalypse in Art’, 2014, estimated at £30000-50000; it was also the top photography outcome of the two sales at £134500 (image above, right, via Phillips).
85.71% of the photo lots that sold had proceeds in or above the estimate range and there were a total of 2 surprises in the two sales (defined as having proceeds of at least double the high estimate):
Lot 190, Thomas Ruff, Nacht 6 III, 1992, estimated at £10000-15000, sold at £50000 (image above, left, via Phillips)
Lot 224, Vitaliy and Elena Vasilieva, Project ‘Apocalypse in Art’, 2014, estimated at £30000-50000, sold at £134500
Complete lot by lot results can be found here (Evening) and here (Day).
