Auction Results: Photographs, April 4, 2017 @Phillips

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.

Send this article to a friend

Read more about: Ansel Adams, Awol Erizku, John Coplans, Phillips

Leave a comment

Your email address will not be published.

Recent Articles

Various Artists, Strike Newspaper #7

Various Artists, Strike Newspaper #7

JTF (just the facts): Published in 2022 by the Archive of Public Protests (here). Softcover, 32 pages, with 24 color photos. Includes photographs by Michał Adamski, Karolina Gembara, Miśka Kuczyńska, Adam ... Read on.

Sign up for our weekly email newsletter