Auction Results: Photographs, April 5, 2024 @Phillips

The results from the Photographs sale last week at Phillips in New York generally met expectations. The top lot Richard Avedon portrait of Francis Bacon found a buyer within its estimate range, and although the overall Buy-In rate creeped up over 25%, plenty of positive surprises helped to balance the numbers. When the dust settled, the Total Sale Proceeds (of roughly $3.0M) came in above the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 245
Aggregate Pre Sale Low Estimate $2794100
Aggregate Pre Sale High Estimate $4175300
Total Lots Sold 182
Total Lots Bought In 63
Buy In % 25.71%
Total Sale Proceeds $3014345

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 130
Total Low Lots Sold 100
Total Low Lots Bought In 30
Low Buy In % 23.08%
Aggregate High Estimate of Low Lots $799300
Total Proceeds from Low Lots $645795
Mid Total Lots 105
Total Mid Lots Sold 75
Total Mid Lots Bought In 30
Mid Buy In % 28.75%
Aggregate High Estimate of Mid Lots $2551000
Total Proceeds from Mid Lots $1847850
Total High Lots 10
Total High Lots Sold 7
Total High Lots Bought In 3
High Buy In % 30.00%
Aggregate High Estimate of High Lots $825000
Total Proceeds from High Lots $520700

The top lot by High estimate was lot 219, Richard Avedon, Francis Bacon, artist, Paris, 4-11-79, 1979, estimated at $100000-150000; it was also the top outcome of the sale at $114300 (image above via Phillips).

93.41% of the lots that sold had proceeds in or above the estimate range and there were a total of 15 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 202, Cindy Sherman, Untitled (Lucille Ball), 1975/2001, estimated at $8000-12000, sold at $25400

Lot 234, Martin Parr, Galway Races from Luxury, 1997, estimated at $2000-3000, sold at $6350

Lot 248, Hiroshi Sugimoto, Gorilla, 1994, estimated at $8000-12000, sold at $25400

Lot 251, Chris McCaw, Sunburned GSP#255 (Santa Cruz Mountains/Fog), 2008, estimated at $3000-5000, sold at $10160

Lot 256, Michael Dweck, Dave and Pam in their Caddy, Trailer Park, Montauk, New York, 2002, estimated at $8000-12000, sold at $25400

Lot 303, Robert Longo, Untitled Pl. 6 from Men in the Cities, 2005, estimated at $8000-12000, sold at $27940

Lot 325, William Heick, Fillmore Street, San Francisco, 1948/later, estimated at $600-800, sold at $2286

Lot 333, Harry Callahan, Eleanor/Silhouette (Chicago), 1948, estimated at $20000-30000, sold at $76200

Lot 343, Aaron Siskind, New York 78, 1976, estimated at $1000-2000, sold at $4064

Lot 349, Harry Callahan, Atlanta, 1984 estimated at $1500-2500, sold at $25400

Lot 351, Lisette Model, Newspaper Seller, 1937, estimated at $2000-3000, sold at $6096

Lot 374, Ansel Adams, Northern California Coast Redwoods, 1960/1963, estimated at $3000-5000, sold at $11430

Lot 383, Ansel Adams, A Young Lawyer and his Family at Manzanar, 1943/early, estimated at $5000-7000, sold at $20320

Lot 432, Bert Stern, Brigitte Bardot, 1961/2009, estimated at $6000-8000, sold at $17780

Lot 448, William Wegman, Ray Cat, 1979, estimated at $2000-3000, sold at $8636

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Aaron Siskind, Ansel Adams, Bert Stern, Chris McCaw, Cindy Sherman, Harry Callahan, Hiroshi Sugimoto, Lisette Model, Martin Parr, Michael Dweck, Richard Avedon, Robert Longo, William Heick, William Wegman, Phillips

Leave a comment

Your email address will not be published.

Recent Articles

Tom de Peyret, 1 New York Times Plaza, NY 11356

Tom de Peyret, 1 New York Times Plaza, NY 11356

JTF (just the facts): Published in 2024 by Poursuite Editions (here). Softcover, 21 x 29 cm, 144 pages, with 107 black-and-white and color reproductions. Includes an essay by Clément Ghys ... Read on.

Sign up for our weekly email newsletter