Auction Results: Photographs, April 9, 2018 @Phillips

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.

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Read more about: Edward Steichen, Henri Cartier-Bresson, Peter Beard, Ray K. Metzker, Terry O'Neill, William Wegman, Phillips

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