Auction Results: Photographs, October 25, 2019 @Phillips London

The various owner Photographs auction at Phillips in London last week generally performed to expectations. The top lot Peter Beard work found a buyer above its estimate range and the overall Buy-In rate came in just above a respectable 22%, leading to Total Sale Proceeds that fell solidly in the middle of the aggregate pre-sale estimate range.

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

Summary Statistics
Total Lots 120
Aggregate Pre Sale Low Estimate £1396500
Aggregate Pre Sale High Estimate £2043500
Total Lots Sold 93
Total Lots Bought In 27
Buy In % 22.50%
Total Sale Proceeds £1655750

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

Detailed Breakdown
Low Total Lots 25
Total Low Lots Sold 20
Total Low Lots Bought In 5
Low Buy In % 20.00%
Aggregate High Estimate of Low Lots £92500
Total Proceeds from Low Lots £71125
Mid Total Lots 75
Total Mid Lots Sold 55
Total Mid Lots Bought In 20
Mid Buy In % 26.67%
Aggregate High Estimate of Mid Lots £856000
Total Proceeds from Mid Lots £669000
Total High Lots 20
Total High Lots Sold 18
Total High Lots Bought In 2
High Buy In % 10.00%
Aggregate High Estimate of High Lots £1095000
Total Proceeds from High Lots £915625

The top lot by High estimate was lot 10, Peter Beard, 756 elephants in a “misery likes company” formation / destroyed social units from starvation / exceeding carrying capacity / over-population / + mismanagement / TSAVO / @ the Mkomazi border / for The End of the Game / last word from Paradise, 1976, estimated at £10000-150000. It was also the top outcome of the sale at £212500 (image above, via Phillips).

88.17% of the lots that sold had proceeds in or above the estimate range and there were a total of 6 positive surprises in the sale (defined as having proceeds of at least double the high estimate) (images above via Phillips):

Lot 9, Fan Ho, Hurrying Home, 1956, estimated at £8000-12000, sold at £25000

Lot 37, Thomas Ruff, cassini 24, 2009, estimated at £5000-7000, sold at £21250

Lot 76, Nino Migliori, Il Tuffatore, 1951/later, estimated at £10000-15000, sold at £32500

Lot 109, Norman Parkinson, The Art of Travel, 1951/later, estimated at £4000-6000, sold at £12500

Lot 114, Bill Brandt, Skye Mountains, 1947/1979-1980, estimated at £1000-2000, sold at £5125

Lot 115, Bill Brandt, Cuckmere River, Sussex, 1963/1979-1980, estimated at £1000-2000, sold at £4000

The complete lot by lot results can be found here.

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Read more about: Bill Brandt, Fan Ho, Nino Migliori, Norman Parkinson, Peter Beard, Thomas Ruff, Phillips

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