Auction Results: New Now, April 11, 2018 @Phillips London

The photography included in Phillips’ recent New Now sale in London generally performed to expectations. While several of the top photo lots failed to sell, the overall Buy-In rate for photography came in at a respectable 18%, and a few positive surprises helped keep the Total Sale Proceeds above the low end of the aggregate pre-sale range.

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

Summary Statistics
Total Lots 44
Aggregate Pre Sale Low Estimate £238800
Aggregate Pre Sale High Estimate £352200
Total Lots Sold 36
Total Lots Bought In 8
Buy In % 18.18%
Total Sale Proceeds £251189

Here is the breakdown (using our usual Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 18
Total Low Lots Sold 16
Total Low Lots Bought In 2
Low Buy In % 11.11%
Aggregate High Estimate of Low Lots £50200
Total Proceeds from Low Lots £34001
Mid Total Lots 23
Total Mid Lots Sold 19
Total Mid Lots Bought In 4
Mid Buy In % 17.39%
Aggregate High Estimate of Mid Lots £212000
Total Proceeds from Mid Lots £195938
Total High Lots 3
Total High Lots Sold 1
Total High Lots Bought In 2
High Buy In % 66.67%
Aggregate High Estimate of High Lots £90000
Total Proceeds from High Lots £21250

The top photography lot by High estimate was tied between three lots, each estimated at £20000-30000: lot 18, Louise Lawler, 18-20 Inches, 2001/2003, lot 41, Hugh Scott-Douglas, Transaction Record, 2014, and lot 163, David LaChapelle, Amanda as Liz (Purple), 2007. The Lawler and LaChapelle prints did not sell, while the Scott-Douglas work sold at £21250. The top photography outcome of the sale was lot 174, Ellen von Unwerth, Kate and David, New York, 2003, estimated at £5000-7000, sold at £25000 (image above, via Phillips).

77.78% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 173, Ellen von Unwerth, Smoking in Bed, Eva Herzigova, 1994, estimated at £5000-7000, sold at £23750

Lot 174, Ellen von Unwerth, Kate and David, New York, 2003, estimated at £5000-7000, sold at £25000

Lot 223, Katy Grannan, Deanna Allentown, 2002, estimated at £1000-2000, sold at £4375

Lot 229, Doug Aitken, ultraviolet, 2004, estimated at £2000-3000, sold at £6875

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Doug Aitken, Ellen von Unwerth, Katy Grannan, Phillips

Leave a comment

Your email address will not be published.

Recent Articles

Bela Borsodi, Phytophile

Bela Borsodi, Phytophile

JTF (just the facts): Published by Dashwood Books in 2019 (here). Softcover, 12 pages, with 15 black and white photographs. There are no texts or essays included. In an edition ... Read on.

Sign up for our weekly email newsletter