Auction Results: Photographs, November 23, 2021 @Phillips London

Led by a string of Irving Penn Small Trades portraits, the various owner Photographs auction at Phillips in London last week performed admirably. The sale generally hit all the marks: low overall Buy-In rate (under 7%), a number of positive surprises (15), and a top lot Helmut Newton print that sold over its estimate range. All of that positive momentum led to Total Sale Proceeds of nearly £2.9M, solidly above the top end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 116
Aggregate Pre Sale Low Estimate £1725300
Aggregate Pre Sale High Estimate £2528700
Total Lots Sold 108
Total Lots Bought In 8
Buy In % 6.90%
Total Sale Proceeds £2880423

Here is the breakdown (using our typical Low, Mid, and High definitions):

Detailed Breakdown
Low Total Lots 28
Total Low Lots Sold 27
Total Low Lots Bought In 1
Low Buy In % 3.57%
Aggregate High Estimate of Low Lots £90700
Total Proceeds from Low Lots £100359
Mid Total Lots 63
Total Mid Lots Sold 59
Total Mid Lots Bought In 4
Mid Buy In % 6.35%
Aggregate High Estimate of Mid Lots £713000
Total Proceeds from Mid Lots £832104
Total High Lots 25
Total High Lots Sold 22
Total High Lots Bought In 3
High Buy In % 12.00%
Aggregate High Estimate of High Lots £1725000
Total Proceeds from High Lots £1947960

The top lot by High estimate was lot 36, Helmut Newton, Charlotte Rampling at the Hotel Nord-Pinus, Arles, France, 1973/2002-2003, estimated at £250000-350000; it was also the top outcome of the sale at £441000 (images above, via Phillips).

83.33% of the lots that sold had proceeds in or above the estimate range and there were a total of 15 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 8, Irving Penn, House Painter (B), London, 1950/1967, estimated at £30000-50000, sold at £107100

Lot 9, Irving Penn, Barber, New York, 1951/1967, estimated at £30000-50000, sold at £138600

Lot 10, Irving Penn, Milkman (A), New York, 1951/1967, estimated at £30000-50000, sold at £151200

Lot 27, Bastiaan Woudt, Disk, Alkmaar, 2020, estimated at £18000-22000, sold at £60480

Lot 33, Candida Höfer, Palazzo Corsini Firenze I, 2008/later, estimated at £15000-20000, sold at £75600

Lot 41, Miyako Ishiuchi, Yokosuka Story #98 Sakamoto-chō, 1977, estimated at £7000-9000, sold at £22680

Lot 42, Miyako Ishiuchi, Yokosuka Story #28, 1977, estimated at £7000-9000, sold at £18900

Lot 46, Wolfgang Tillmans, Kneeling nude, 1997, estimated at £4000-6000, sold at £18900

Lot 50, Wolfgang Tillmans, Alex & Lutz am Strand, 1992, estimated at £4000-6000, sold at £15120

Lot 76, Gavin Bond, Pom Poms from Backstage: Volume 1, 2007, estimated at £1000-2000, sold at £8190

Lot 96, Jonas Bendiksen, Crashed rocket ship and butterflies, #2. Altai Territory, Russia, 2000, estimated at £2000-3000, sold at £11340

Lot 97, Lorenzo Meloni, Ouagadougou Conference Center, Sirte, Libya, 2016, estimated at £2000-3000, sold at £6300

Lot 98, Matt Black, Birds, Tulare, California from American Geography, 2014, estimated at £2000-3000, sold at £6300

Lot 105, Nadav Kander, The Doctor, Chernobyl, 2019, estimated at £4000-6000, sold at £18900

Lot 109, Paolo Pellegrin, Civilians sift through the rubble looking for survivors following an Israeli air raid. Beirut, Lebanon from Double Blind, 2006, estimated at £2000-3000, sold at £6048

The complete lot by lot results can be found here.

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Read more about: Bastiaan Woudt, Candida Höfer, Gavin Bond, Helmut Newton, Irving Penn, Jonas Bendiksen, Lorenzo Meloni, Matt Black, Miyako Ishiuchi, Nadav Kander, Paolo Pellegrin, Wolfgang Tillmans, Phillips

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