Given the volume of exceptional work in the JGS Foundation collection sales that directly preceded it, it isn’t a huge surprise that Philips’ various owner Photographs sale experienced somewhat muted results. It was a workmanlike outing, with a roughly 30% buy-in rate and very few surprises. In the end, the Total Sale Proceeds came in at about $2.6M, falling just below the aggregate pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 118 |
| Aggregate Pre Sale Low Estimate | $2631700 |
| Aggregate Pre Sale High Estimate | $3865300 |
| Total Lots Sold | 82 |
| Total Lots Bought In | 36 |
| Buy In % | 30.51% |
| Total Sale Proceeds | $2603750 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 33 |
| Total Low Lots Sold | 26 |
| Total Low Lots Bought In | 7 |
| Low Buy In % | 21.21% |
| Aggregate High Estimate of Low Lots | $220300 |
| Total Proceeds from Low Lots | $187625 |
| Mid Total Lots | 69 |
| Total Mid Lots Sold | 46 |
| Total Mid Lots Bought In | 23 |
| Mid Buy In % | 33.33% |
| Aggregate High Estimate of Mid Lots | $1725000 |
| Total Proceeds from Mid Lots | $1174375 |
| Total High Lots | 16 |
| Total High Lots Sold | 10 |
| Total High Lots Bought In | 6 |
| High Buy In % | 37.50% |
| Aggregate High Estimate of High Lots | $1920000 |
| Total Proceeds from High Lots | $1241750 |
The top lot by High estimate was tied between two lots: lot 245, Man Ray, Rayograph with Goggles, Egg and Candle, 1924, and lot 282, Robert Mapplethorpe, Tulips, 1977, both estimated at $200000-300000 (images in preview post). The Mapplethorpe work was the top outcome of the sale at $298000, while the Man Ray print did not sell.
97.56% of the lots that sold had proceeds in or above the estimate range and there were a total of 3 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):
Lot 305, Ansel Adams, Cathedral Peak and Lake, Yosemite National Park, California, 1960/1963, estimated at $4000-6000, sold at $12500
Lot 320, John Coplans, Self-Portrait, Frieze, No. 4, 3 Panels, 1994, estimated at $5000-7000, sold at $21250
Lot 330, Awol Erizku, Girl with a Bamboo Earring, 2009, estimated at $12000-18000, sold at $52500
The complete lot by lot results can be found here.
