Auction Results: Photographs, May 19, 2016 @Phillips London

Phillips’ recent various owner Photographs sale in London performed right in line with expectations. At roughly 30%, the Buy-In rate was about average, and the 10 positive surprises sprinkled across the sale helped perk things up. Overall, the Total Sale Proceeds fell in the middle of aggregate pre-sale estimate, and when compared with the other two major auction houses, Phillips brought home the most photographic revenue in this short London swing.

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

Summary Statistics
Total Lots 160
Pre Sale Low Total Estimate £1878500
Pre Sale High Total Estimate £2709000
Total Lots Sold 110
Total Lots Bought In 50
Buy In % 31.25%
Total Sale Proceeds £2251563

Here is the breakdown (using the Low, Mid, and High definitions from the preview post):

Detailed Breakdown
Low Total Lots 40
Low Sold 27
Low Bought In 13
Low Buy In % 32.50%
Total Low Estimate £150500
Total Low Sold £120688
Mid Total Lots 94
Mid Sold 64
Mid Bought In 30
Mid Buy In % 31.91%
Total Mid Estimate £1153500
Total Mid Sold £1054375
Total High Lots 26
High Sold 19
High Bought In 7
High Buy In % 26.92%
Total High Estimate £1405000
Total High Sold £1076500

The top lot by High estimate was lot 58, Peter Beard, Maureen and a late-night feeder, 2.00 am, Hog Ranch, 1987/2000, estimated at £100000-150000 (image in preview post). It was also the top outcome of the sale at £149000.

96.36% of the lots that sold had proceeds in or above the estimate range and there were 10 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (image above via Phillips):

Lot 1, Ellen von Unwerth, Parasol, 1990/2016, estimated at £15000-20000, sold at £50000

Lot 36, Evelyn Hofer, Selected Images, 1965-1989/later, estimated at £4000-6000, sold at £13750

Lot 64, Masahisa Fukase, [Erimo Mikase] Cape Erimo from [Karasu] Ravens, 1976/1986, estimated at £15000-25000, sold at £93750 (image in preview post)

Lot 72, Saul Leiter, Lanesville (Variant), 1958/2008, estimated at £3000-5000, sold at £11875

Lot 77, Lewis Baltz, Orange County from The Prototype Works, 1970, estimated at £8000-12000, sold at £32500

Lot 83, Diane Arbus, Three transvestites in evening dress at a lounge, NYC, 1961/1961-1963, estimated at £10000-15000, sold at £42500

Lot 124, Fernand Fonssagives, Sand Fence, 1930s, estimated at £2000-3000, sold at £6250

Lot 127, Lilian Bassman, The Little Furs, Barbara Mullen, Russian Broadtail Jacket by Trigère and hat by Lilly Daché, Essex House, 1955/later, estimated at £3000-5000, sold at £11000

Lot 145, René Burri, Ernesto Che Guevara, Havana, Cuba, 1963/later, estimated at £4000-6000, sold at £13750

Lot 156, Peter Beard, Fayel Tall at Loingalani, Lake Rudolf, Kenya, February, 1987/later, estimated at £15000-20000, sold at £40000

The complete lot by lot results can be found here.

Diane Arbus, Ellen von Unwerth, Evelyn Hofer, Fernand Fonssagrives, Lewis Baltz, Lillian Bassman, Masahisa Fukase, Peter Beard, René Burri, Saul Leiter, Phillips

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