The results from Phillips’ recent various owner Photographs sale in London were consistently confident. With strength through the mid and top price tiers, a low overall Buy-In rate (just under 13%), and just enough positive surprises to keep things interesting, the auction generated Total Sale Proceeds that fell near the top of the pre-sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 93 |
| Aggregate Pre Sale Low Estimate | £1675500 |
| Aggregate Pre Sale High Estimate | £2393500 |
| Total Lots Sold | 81 |
| Total Lots Bought In | 12 |
| Buy In % | 12.90% |
| Total Sale Proceeds | £2344875 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 2 |
| Total Low Lots Sold | 1 |
| Total Low Lots Bought In | 1 |
| Low Buy In % | 50.00% |
| Aggregate High Estimate of Low Lots | £7500 |
| Total Proceeds from Low Lots | £2375 |
| Mid Total Lots | 67 |
| Total Mid Lots Sold | 60 |
| Total Mid Lots Bought In | 7 |
| Mid Buy In % | 10.45% |
| Aggregate High Estimate of Mid Lots | £751000 |
| Total Proceeds from Mid Lots | £848750 |
| Total High Lots | 24 |
| Total High Lots Sold | 20 |
| Total High Lots Bought In | 4 |
| High Buy In % | 16.67% |
| Aggregate High Estimate of High Lots | £1635000 |
| Total Proceeds from High Lots | £1493750 |
The top lot by High estimate was lot 32, John Baldessari, Transform (Lipstick), 1990, estimated at £300000-400000 (image in preview post). It was also the top outcome of the sale at £389000.
95.06% of the lots that sold had proceeds in or above the estimate range (with nearly 60% selling above their estimates) and there were a total of 7 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):
Lot 2, Alasdair McLellan, Kate Moss Supreme, 2012, estimated at £7000-9000, sold at £21250 (image in preview post)
Lot 20, Helmut Newton, Raquel Welch in her backyard, Beverly Hills, 1981/1984, estimated at £5000-7000, sold at £16250
Lot 39, Seiji Kurata, Tattooed Man from Flash Up, 1975/1978, estimated at £15000-25000, sold at £56250 (image in preview post)
Lot 44, Lee Jeonglok, Tree of Life #1, 2007, estimated at £7000-9000, sold at £22500
Lot 59, Henri Cartier-Bresson, Behind the Gare Saint-Lazare, Paris, 1932/1947, estimated at £30000-50000, sold at £131000 (image in preview post)
Lot 69, Robert Mapplethorpe, Chest, 1987, estimated at £4000-6000, sold at £15000
Lot 93, Nobuyoshi Araki, Untitled from Colourscapes, 1991/later, estimated at £15000-20000, sold at £43750
The complete lot by lot results can be found here.
