Auction Results: Contemporary Art Evening and Day Sales, November 11 and 12, 2013 @Phillips

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):

Summary Statistics
Total Lots 38
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):

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 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).

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

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Read more about: Andreas Gursky, Brendan Fowler, Hugh Scott-Douglas, Phillips

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