Auction Results: Photographs, May 8, 2013 @Phillips London

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.

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Read more about: Albert Watson, Alfred Eisenstaedt, Loretta Lux, Phillips ~ 450 Park

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