Auction Results: Photographs, October 1, 2019 @Phillips

Softness in the highest priced lots dampened the results at Phillip’s recent Photographs sale in New York. The overall Buy-In rate for the sale hovered at roughly a third, but the top lots passed at a rate of 50%. A Hannah Wilke self-portrait was the top outcome in the sale, and with just 4 positive surprises (the most notable being a Roy DeCarava print that seemingly reached for the price anchor point of the current show at David Zwirner), the Total Sale Proceeds came in at just above $3.5M, decently below the low end of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 247
Aggregate Pre Sale Low Estimate $4099200
Aggregate Pre Sale High Estimate $6025300
Total Lots Sold 164
Total Lots Bought In 83
Buy In % 33.60%
Total Sale Proceeds $3534000

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

Detailed Breakdown
Low Total Lots 94
Total Low Lots Sold 67
Total Low Lots Bought In 27
Low Buy In % 28.72%
Aggregate High Estimate of Low Lots $685300
Total Proceeds from Low Lots $530250
Mid Total Lots 131
Total Mid Lots Sold 86
Total Mid Lots Bought In 45
Mid Buy In % 34.35%
Aggregate High Estimate of Mid Lots $3110000
Total Proceeds from Mid Lots $1888750
Total High Lots 22
Total High Lots Sold 11
Total High Lots Bought In 11
High Buy In % 50.00%
Aggregate High Estimate of High Lots $2230000
Total Proceeds from High Lots $1115000

The top lot by High estimate was lot 199, Robert Mapplethorpe, Lily, 1987, estimated at $200000-300000; it did not sell. The top outcome of the sale was lot 111, Hannah Wilke, S.O.S. Starifaction Object Series (Performalist Self Portrait with Les Wollam), 1974, estimated at $180000-280000, sold at $225000 (image above via Phillips).

98.78% of the lots that sold had proceeds in or above the estimate range and there were a total of 4 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 68, Robert Frank, Trolley, New Orleans, 1955/c1986, estimated at $50000-70000, sold at $150000

Lot 72, Roy DeCarava, Hallway, New York, 1953/later, estimated at $10000-15000, sold at $72500

Lot 213, Philip-Lorca diCorcia, New York, 1997, estimated at $8000-12000, sold at $27500

Lot 246, Robert and Shana ParkeHarrison, Selected images, 2002-2005, estimated at $5000-7000, sold at $16250

The complete lot by lot results can be found here.

Send this article to a friend

Read more about: Hannah Wilke, Philip-Lorca diCorcia, Robert and Shana ParkeHarrison, Robert Frank, Roy DeCarava, Phillips

Leave a comment

Your email address will not be published.

Recent Articles

2024 Guggenheim Fellows in Photography

2024 Guggenheim Fellows in Photography

Here’s the list of the 2024 Guggenheim Fellowship winners in Photography (with links to their respective websites as applicable). The entire list of current fellows (in all disciplines, including the ... Read on.

Sign up for our weekly email newsletter