Auction Results: Innovators of Photography: A Private East Coast Collection, October 8, 2015 @Phillips

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.

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Read more about: Frank Gohlke, Harry Callahan, Larry Sultan, Phillips

One comment

  1. Loring Knoblauch /

    These results have been updated to reflect sales made just after the conclusion of the auction and later included in the overall results.

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