There were only a handful of photography lots included in the New Now sale at Phillips in New York last week, and their results were largely uneventful. The top photo lot Hiroshi Sugimoto seascape sold within its estimate range, and there were no positive surprises to pump up the numbers. With an overall Buy-In rate for photography under 17%, the Total Sale Proceeds for photography (of roughly $420K) tallied up in the middle of the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 6 |
| Aggregate Pre Sale Low Estimate | $378000 |
| Aggregate Pre Sale High Estimate | $552000 |
| Total Lots Sold | 5 |
| Total Lots Bought In | 1 |
| Buy In % | 16.67% |
| Total Sale Proceeds | $419640 |
Here is the breakdown (using our typical Low, Mid, and High price tier definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 0 |
| Total Low Lots Sold | NA |
| Total Low Lots Bought In | NA |
| Low Buy In % | NA |
| Aggregate High Estimate of Low Lots | $0 |
| Total Proceeds from Low Lots | $0 |
| Mid Total Lots | 4 |
| Total Mid Lots Sold | 3 |
| Total Mid Lots Bought In | 1 |
| Mid Buy In % | 25.00% |
| Aggregate High Estimate of Mid Lots | $122000 |
| Total Proceeds from Mid Lots | $64040 |
| Total High Lots | 2 |
| Total High Lots Sold | 2 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00% |
| Aggregate High Estimate of High Lots | $430000 |
| Total Proceeds from High Lots | $355600 |
The top photography lot by High estimate was lot 25, Hiroshi Sugimoto, Bass Strait, Table Cape, 1997, estimated at $180000-250000; it was also the top photography outcome of the sale at $228600 (image above, via Phillips.)
100.00% of the lots that sold had proceeds in or above the estimate range and there were no positive photographic surprises in the sale (defined as having proceeds of at least double the high estimate).
The complete lot by lot results can be found here.
