Auction Results: New Now, December 12, 2019 @Phillips London

A Mickalene Thomas nude jumped to more than 6X its high estimate, providing a brief spark in the otherwise uneventful photography action at Phillips’ recent New Now sale in London. With an overall Buy-In rate for photography under 15%, the Total Sale Proceeds for photography came in above the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 37
Aggregate Pre Sale Low Estimate £407000
Aggregate Pre Sale High Estimate £572500
Total Lots Sold 32
Total Lots Bought In 5
Buy In % 13.51%
Total Sale Proceeds £435813

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

Detailed Breakdown
Low Total Lots 12
Total Low Lots Sold 10
Total Low Lots Bought In 2
Low Buy In % 16.67%
Aggregate High Estimate of Low Lots £39500
Total Proceeds from Low Lots £33313
Mid Total Lots 20
Total Mid Lots Sold 18
Total Mid Lots Bought In 2
Mid Buy In % 10.00%
Aggregate High Estimate of Mid Lots £238000
Total Proceeds from Mid Lots £187500
Total High Lots 5
Total High Lots Sold 4
Total High Lots Bought In 1
High Buy In % 20.00%
Aggregate High Estimate of High Lots £295000
Total Proceeds from High Lots £215000

The top photography lot by High estimate was tied between two lots: lot 19, Gerhard Richter, September, 2009, and lot 32, Cindy Sherman, Untitled #180, 1987, both estimated at £70000-90000; the Sherman print was the top photography outcome of the sale at £68750 (image above, via Phillips), while the Richter print sold at £67500.

68.75% of the lots that sold had proceeds in or above the estimate range and there were 2 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (image above via Phillips):

Lot 188, Mickalene Thomas, Courbet 1 (Melody: Sitting), 2011, estimated at £4000-6000, sold at £37500

Lot 196, Darren Almond, Shan Shui Fullmoon, 2008, estimated at £2000-3000, sold at £6250

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Cindy Sherman, Darren Almond, Mickalene Thomas, Phillips

Leave a comment

Your email address will not be published.

Recent Articles

Francesca Woodman @Gagosian

Francesca Woodman @Gagosian

JTF (just the facts): A total of 59 photographic works, generally framed in beige wood and matted, and hung against white walls in the divided gallery space. (Installation shots below.) ... Read on.

Sign up for our weekly email newsletter