It was an uneventful outing for photography at Phillips’ Contemporary Art sales in New York earlier this week. On the plus side, the overall Buy-In rate hovered near 15% and the Total Sale Proceeds fell neatly within the pre-sale range, but in the end, there were no positive surprises that fell outside the bounds of a normal day at auction.
The summary statistics are below (all results include the buyer’s premium):
|Aggregate Pre Sale Low Estimate||$1305000|
|Aggregate Pre Sale High Estimate||$1870000|
|Total Lots Sold||32|
|Total Lots Bought In||6|
|Buy In %||15.79%|
|Total Sale Proceeds||$1564625|
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
|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||24|
|Total Mid Lots Sold||20|
|Total Mid Lots Bought In||4|
|Mid Buy In %||16.67%|
|Aggregate High Estimate of Mid Lots||$685000|
|Total Proceeds from Mid Lots||$549375|
|Total High Lots||14|
|Total High Lots Sold||12|
|Total High Lots Bought In||2|
|High Buy In %||14.29%|
|Aggregate High Estimate of High Lots||$1185000|
|Total Proceeds from High Lots||$1015250|
The top lot by High estimate was lot 135, Doug Aitken, Rise, 1998-2001, estimated at $120000-180000;itsold for $137000. Lot 254, Andreas Gursky, Dresden, 1988, estimated at $80000-120000 also sold for $137000 (image above, left via Phillips).
While 96.88% of the lots that sold had proceeds in or above the estimate range, there were no photographic surprises in the two sales (defined as having proceeds of at least double the high estimate).
Two lots that did perform well were lot 103, Hugh Scott-Douglas, Untitled, 2011, estimated at $20000-30000, sold at $52500 (image above, right, via Phillips) and lot 126, Brendan Fowler, Fall 2009 (Screen Flower print, Flower on walk with Andrea/ Terry/Cindy 1), 2009,estimated at $8000-12000, sold at $18750 (image above, middle, via Phillips).