Auction Results: Contemporary Art Evening and Day Sales, June 27 and 28, 2013 @Phillips London

Cindy Sherman saved the day for the photography buried in Phillips’ Contemporary Art sales in London last week. Her two lots in the Evening sale brought in more than half the total haul for photography across the two sales. With an overall Buy-In rate over 40%, the Total Sale Proceeds worked hard to get near the low estimate.

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

Summary Statistics
Total Lots 32
Aggregate Pre Sale Low Estimate £1064000
Aggregate Pre Sale High Estimate £1528000
Total Lots Sold 18
Total Lots Bought In 14
Buy In % 43.75%
Total Sale Proceeds £1005250

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 16
Total Mid Lots Sold 9
Total Mid Lots Bought In 7
Mid Buy In % 43.75%
Aggregate High Estimate of Mid Lots £258000
Total Proceeds from Mid Lots £136250
Total High Lots 16
Total High Lots Sold 9
Total High Lots Bought In 7
High Buy In % 43.75%
Aggregate High Estimate of High Lots £1270000
Total Proceeds from High Lots £869000

The top photography lot by High estimate was lot 6, Cindy Sherman, Untitled #426, 2004, at £200000-300000; it sold for £242500. The top photography outcome of the two sales was lot 8, Cindy Sherman, Untitled Film Still #36, estimated at £60000-80000, sold at £302500 (image at right, top, via Phillips).

100.00% of the lots that sold had proceeds above or in the estimate range. There was only one positive surprise in the two sales (defined as having proceeds of at least double the high estimate):

Lot 8, Cindy Sherman, Untitled Film Still #36, estimated at £60000-80000, sold at £302500

Complete lot by lot results can be found here (Evening) and here (Day).

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