Auction Results: New Now, September 19, 2017 @Phillips

The photography offerings in Phillips’ recent New Now sale in New York performed generally to expectations. With an overall Buy-In rate for photography under 20%, the Total Sale Proceeds found their way to the middle of the aggregate pre-sale range with a minimum of fuss.

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

Summary Statistics
Total Lots 57
Pre Sale Low Total Estimate $330700
Pre Sale High Total Estimate $478500
Total Lots Sold 46
Total Lots Bought In 11
Buy In % 19.30%
Total Sale Proceeds $390250

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 42
Low Sold 34
Low Bought In 8
Low Buy In % 19.05%
Total Low Estimate $201500
Total Low Sold $173375
Mid Total Lots 15
Mid Sold 12
Mid Bought In 3
Mid Buy In % 20.00%
Total Mid Estimate $277000
Total Mid Sold $216875
Total High Lots 0
High Sold NA
High Bought In NA
High Buy In % NA
Total High Estimate $0
Total High Sold NA

The top photography lot by High estimate was tied between three lots: lot 245, Christopher Williams, Linhof Technika V fabricated in Munich, Germany. Salon Studio Stand fabricated in Florence, Italy. Dual cable release. Prontor shutter. Symar-s lens 150mmm/f 5.6 Schneider kreuznach. Sinar fresnel lens placed with black tape on the ground glass. (White) Dirk Sharper Studio, Berlin, June 19, 2007, 2008, lot 249, Thomas Ruff, Nacht 11 II, 1992, and lot 270, Wang Qingsong, Dormitory, 2005, each estimated at $20000-30000 (images in preview post). The top photography outcome of the sales was tied between the prints by Williams and Wang, both selling at $25000; the Ruff print sold at $22500.

95.65% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive surprises in the sales (defined as having proceeds of at least double the high estimate) (images above, via Phillips, except where noted):

Lot 36, Joseph Szabo, Priscilla, 1969/2003, estimated at $1000-2000, sold at $4375

Lot 44, Terry Richardson, 5 works, 1998, 2004, 2008, estimated at $3000-5000, sold at $10625

Lot 175, Mickalene Thomas, Din avec la main dans le miroir, 2008, estimated at $3000-5000, sold at $13750 (image in preview post)

The complete lot by lot results can be found here (New Now) and here (Katayama).

Joseph Szabo, Mickalene Thomas, Terry Richardson, Phillips

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