The works on offer in the various owner Photographs sale at Phillips earlier this week performed solidly. An elaborately overpainted Peter Beard image of Marilyn Monroe was the top outcome, and with an overall Buy-In rate just over 22%, the Total Sale Proceeds came in just above the low end of the aggregate pre-sale estimate.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 233 |
| Aggregate Pre Sale Low Estimate | $4647500 |
| Aggregate Pre Sale High Estimate | $6722500 |
| Total Lots Sold | 181 |
| Total Lots Bought In | 52 |
| Buy In % | 22.32% |
| Total Sale Proceeds | $4880875 |
Here is the breakdown (using our typical Low, Mid, and High definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 92 |
| Total Low Lots Sold | 74 |
| Total Low Lots Bought In | 18 |
| Low Buy In % | 19.57% |
| Aggregate High Estimate of Low Lots | $622500 |
| Total Proceeds from Low Lots | $548875 |
| Mid Total Lots | 115 |
| Total Mid Lots Sold | 91 |
| Total Mid Lots Bought In | 24 |
| Mid Buy In % | 20.87% |
| Aggregate High Estimate of Mid Lots | $2505000 |
| Total Proceeds from Mid Lots | $2076250 |
| Total High Lots | 26 |
| Total High Lots Sold | 16 |
| Total High Lots Bought In | 10 |
| High Buy In % | 38.46% |
| Aggregate High Estimate of High Lots | $3595000 |
| Total Proceeds from High Lots | $2255750 |
The top lot by High estimate was lot 150, Peter Beard, Heart Attack City, 1972/later, estimated at $500000-700000; it was also the top outcome of the sale at $603000 (image above via Phillips).
94.48% of the lots that sold had proceeds in or above the estimate range and there were a total of 5 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):
Lot 26, Ray K. Metzker, Philadelphia, 1962, estimated at $4000-6000, sold at $16250
Lot 42, Edward Steichen, The Flatiron – Evening, 1905, estimated at $8000-12000, sold at $27500
Lot 57, Henri Cartier-Bresson, Hyères, France, 1932/later, estimated at $8000-12000, sold at $25000
Lot 186, Terry O’Neill, Faye Dunaway, Beverly Hills, 1977/later, estimated at $10000-15000, sold at $32500
Lot 228, William Wegman, Green Caramelle, 1998, estimated at $4000-6000, sold at $15000
The complete lot by lot results can be found here.
