Auction Results: Photographs, April 3, 2013 @Phillips New York

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
Pre Sale Low Total Estimate $2411500
Pre Sale High Total 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
Low Sold 28
Low Bought In 9
Low Buy In % 24.32%
Total Low Estimate $244500
Total Low Sold $230875
Mid Total Lots 91
Mid Sold 78
Mid Bought In 13
Mid Buy In % 14.29%
Total Mid Estimate $2073000
Total Mid Sold $1847000
Total High Lots 13
High Sold 12
High Bought In 1
High Buy In % 7.69%
Total High Estimate $1210000
Total High Sold $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.

Gabriel Orozco, Hiroshi Sugimoto, Loretta Lux, Phillips

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