The photography included in Phillips’ entry level New Now sale in New York last week performed solidly. With a Buy-In rate for photography under 20% and a handful of positive surprises to give the results a boost, the Total Sale Proceeds came in at the top end of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 38 |
| Aggregate Pre Sale Low Estimate | $337000 |
| Aggregate Pre Sale High Estimate | $473000 |
| Total Lots Sold | 31 |
| Total Lots Bought In | 7 |
| Buy In % | 18.42% |
| Total Sale Proceeds | $474875 |
Here is the breakdown (using our typical Low, Mid, and High price tier definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 21 |
| Total Low Lots Sold | 17 |
| Total Low Lots Bought In | 4 |
| Low Buy In % | 19.05% |
| Aggregate High Estimate of Low Lots | $130000 |
| Total Proceeds from Low Lots | $146125 |
| Mid Total Lots | 17 |
| Total Mid Lots Sold | 14 |
| Total Mid Lots Bought In | 3 |
| Mid Buy In % | 17.65% |
| Aggregate High Estimate of Mid Lots | $343000 |
| Total Proceeds from Mid Lots | $328750 |
| Total High Lots | 0 |
| Total High Lots Sold | NA |
| Total High Lots Bought In | NA |
| High Buy In % | NA |
| Aggregate High Estimate of High Lots | $0 |
| Total Proceeds from High Lots | $0 |
The top photography lot by High estimate was lot 37, Ana Mendieta, Untitled (Glass on Body Imprints), 1972/1997, estimated at $35000-45000. It sold at $60000. The top photographic outcome was lot 13, Petra Cortright, Might and magic and the mandate of heaven, 2014, estimated at $18000-22000, sold at $65000. (Images above via Phillips.)
87.10% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Phillips):
Lot 13, Petra Cortright, Might and magic and the mandate of heaven, 2014, estimated at $18000-22000, sold at $65000
Lot 155, Cindy Sherman, Untitled (Self-Portrait with Sun Tan), 2003, estimated at $2000-3000, sold at $10000
Lot 156, Robert Longo, Untitled plate 13 (from Men in the Cities), 2005, estimated at $6000-8000, sold at $32500
Lot 160, Roe Ethridge, Pigeon, 2002, estimated at $4000-6000, sold at $19375
The complete lot by lot results can be found here.
