Phillips’ various owner Photographs sale in London last week delivered solid, workmanlike results. With a Buy-In rate just over 30% and Total Sale Proceeds that found the middle of the estimate range, it generally performed according to plan.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 123 |
| Aggregate Pre Sale Low Estimate | £1184000 |
| Aggregate Pre Sale High Estimate | £1676500 |
| Total Lots Sold | 86 |
| Total Lots Bought In | 37 |
| Buy In % | 30.08% |
| Total Sale Proceeds | £1291750 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 49 |
| Total Low Lots Sold | 36 |
| Total Low Lots Bought In | 13 |
| Low Buy In % | 26.53% |
| Aggregate High Estimate of Low Lots | £182500 |
| Total Proceeds from Low Lots | £159375 |
| Mid Total Lots | 59 |
| Total Mid Lots Sold | 41 |
| Total Mid Lots Bought In | 18 |
| Mid Buy In % | 30.51% |
| Aggregate High Estimate of Mid Lots | £714000 |
| Total Proceeds from Mid Lots | £574125 |
| Total High Lots | 15 |
| Total High Lots Sold | 9 |
| Total High Lots Bought In | 6 |
| High Buy In % | 40.00% |
| Aggregate High Estimate of High Lots | £780000 |
| Total Proceeds from High Lots | £558250 |
The top photography lot by High estimate was lot 32, Nobuyoshi Araki, 77 works, n.d., estimated at £100000-120000; it was also the top outcome of the sale at £110500.
96.51% of the lots that sold had proceeds above or in the estimate range, and there were 5 positive surprises (defined as having proceeds of at least double the high estimate):
Lot 63, Alfred Eisenstaedt, Ice Skating Waiter, St. Moritz, Switzerland, 1932/later, estimated at £6000-8000, sold at £16250 (image at right, top, via Phillips)
Lot 73, Elliott Erwitt, New York City, 1974/later, estimated at £1500-2500, sold at £5250
Lot 112, Albert Watson, Monkey With Gun, New York City, 1992, estimated at £2000-3000, sold at £6000 (image at right, bottom, via Phillips)
Lot 117, Loretta Lux, The Drummer, 2004, estimated at £4000-6000, sold at £13750 (image at right, middle via Phillips)
Lot 122, Helmut Newton, Sumo, estimated at £2500-3500, sold at £10000
Complete lot by lot results can be found here.
