Phillips’ follow up various owner Photographs sale last week performed nearly as well its earlier single owner sale. The overall Buy-In rate was just over 15% and the Total Sale Proceeds once again came close to the High estimate.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 141 |
| Aggregate Pre Sale Low Estimate | $2411500 |
| Aggregate Pre Sale High Estimate | $3527500 |
| Total Lots Sold | 118 |
| Total Lots Bought In | 23 |
| Buy In % | 16.31% |
| Total Sale Proceeds | $3307375 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 37 |
| Total Low Lots Sold | 28 |
| Total Low Lots Bought In | 9 |
| Low Buy In % | 24.32% |
| Aggregate High Estimate of Low Lots | $244500 |
| Total Proceeds from Low Lots | $230875 |
| Mid Total Lots | 91 |
| Total Mid Lots Sold | 78 |
| Total Mid Lots Bought In | 13 |
| Mid Buy In % | 14.29% |
| Aggregate High Estimate of Mid Lots | $2073000 |
| Total Proceeds from Mid Lots | $1847000 |
| Total High Lots | 13 |
| Total High Lots Sold | 12 |
| Total High Lots Bought In | 1 |
| High Buy In % | 7.69% |
| Aggregate High Estimate of High Lots | $1210000 |
| Total Proceeds from High Lots | $1229500 |
The top lot by High estimate was lot 177, Edward Steichen, Diagram of Doom – 2, c1922, estimated at $120000-180000; it sold for $122500. The top outcome of the sale was lot 291, Hiroshi Sugimoto, Joe #2134, 2004, estimated at $60000-80000, sold at $170500 (image at right, top, via Phillips).
97.46% of the lots that sold had proceeds in or above the estimate range. There were a total of 6 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 224, William Eggleston, East Memphis, 1972/1985, estimated at $8000-12000, sold at $30000
Lot 239, Helmut Newton, Shoe, Monte Carlo, 1983, estimated at $8000-12000, sold at $30000
Lot 246, Peter Beard, Cheetah cubs orphaned at Mweiga nr. Nyeri for The End of the Game, 1968/later, estimated at $10000-15000, sold at $32500
Lot 291, Hiroshi Sugimoto, Joe #2134, 2004, estimated at $60000-80000, sold at $170500
Lot 297, Gabriel Orozco, Shower Head, 2008, estimated at $7000-9000, sold at $25000 (image at right, middle, via Phillips)
Lot 306, Loretta Lux, Study of a Boy, 2002, estimated at $5000-7000, sold at $16250 (image at right, bottom, via Phillips)
Complete lot by lot results can be found here.
