Phillips’ single owner sale from an East Coast private collection returned to the mean of generally normal auction results, after a string of more depressing photographic outcomes at the competing houses in previous days. The overall Buy-In rate settled into the low-20s, and with a couple of positive surprises, the Total Sale Proceeds found the middle of the range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 53 |
| Aggregate Pre Sale Low Estimate | $1294000 |
| Aggregate Pre Sale High Estimate | $1896500 |
| Total Lots Sold | 41 |
| Total Lots Bought In | 12 |
| Buy In % | 22.64% |
| Total Sale Proceeds | $1663750 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 18 |
| Total Low Lots Sold | 15 |
| Total Low Lots Bought In | 3 |
| Low Buy In % | 16.67% |
| Aggregate High Estimate of Low Lots | $96500 |
| Total Proceeds from Low Lots | $91250 |
| Mid Total Lots | 28 |
| Total Mid Lots Sold | 19 |
| Total Mid Lots Bought In | 9 |
| Mid Buy In % | 32.14% |
| Aggregate High Estimate of Mid Lots | $700000 |
| Total Proceeds from Mid Lots | $556250 |
| Total High Lots | 7 |
| Total High Lots Sold | 7 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00% |
| Aggregate High Estimate of High Lots | $1100000 |
| Total Proceeds from High Lots | $1016250 |
The top lot by High estimate was tied between two lots: lot 17, Diane Arbus, A Family on their Lawn one Sunday in Westchester, NY, 1968/1968-1971, and lot 21, William Eggleston, Memphis, 1969-1970/1970s, both estimated at $250000-350000; the Eggleston was the top outcome of the sale at $365000, while the Arbus sold for $305000 (just after the sale concluded).
100.00% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):
Lot 11, Harry Callahan, Ireland, 1979, estimated at $5000-7000, sold at $16250
Lot 13, Frank Gohlke, Ten Minutes in North Texas #1, Clay County, 1995/2011, estimated at $1500-2500, sold at $5250
Lot 44, Larry Sultan, Sharon Wild from The Valley, 2001, estimated at $8000-12000, sold at $33750
The complete lot by lot results can be found here.
These results have been updated to reflect sales made just after the conclusion of the auction and later included in the overall results.