Led by solid sell through of the high priced lots, Phillips’ various owner photographs auction in London just after Paris Photo generally performed to expectations. In fact, there were only two positive surprises in the entire sale, so nearly every other lot that found a buyer didn’t wander too far from its estimate boundaries. Overall, the Buy-In rate worryingly inched up toward 40%, but the Total Sale Proceeds still covered the low end of the estimate range with some room to spare.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 122 |
| Aggregate Pre Sale Low Estimate | £1418100 |
| Aggregate Pre Sale High Estimate | £1975400 |
| Total Lots Sold | 76 |
| Total Lots Bought In | 46 |
| Buy In % | 37.70% |
| Total Sale Proceeds | £1522125 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 23 |
| Total Low Lots Sold | 12 |
| Total Low Lots Bought In | 11 |
| Low Buy In % | 47.83% |
| Aggregate High Estimate of Low Lots | £80400 |
| Total Proceeds from Low Lots | £41250 |
| Mid Total Lots | 81 |
| Total Mid Lots Sold | 49 |
| Total Mid Lots Bought In | 32 |
| Mid Buy In % | 39.51% |
| Aggregate High Estimate of Mid Lots | £962000 |
| Total Proceeds from Mid Lots | £627125 |
| Total High Lots | 18 |
| Total High Lots Sold | 15 |
| Total High Lots Bought In | 3 |
| High Buy In % | 16.67% |
| Aggregate High Estimate of High Lots | £933000 |
| Total Proceeds from High Lots | £853750 |
The top lot by High estimate was lot 206, Rodney Graham, Welsh Oaks, 1998, estimated at £100000-150000; it was also the top outcome of the sale at £122500.
94.74% of the lots that sold had proceeds in or above the estimate range and there were a total of only 2 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 202, Kyung Soo Kim, Full Moon Story 04, 2007, estimated at £5000-7000, sold at £15000 (image above, left, via Phillips)
Lot 206, Michael Dweck, Surf’s Up 1, Montauk, NY, 2006, estimated at £8000-12000, sold at £30000 (image above, right, via Phillips)
Complete lot by lot results can be found here.
