The results of the photography in Phillips’ recent Under the Influence auction in London were generally lackluster. A healthy overall Buy-In rate (over 35%) and few positive surprises led to Total Sale Proceeds that struggled to cover the low end of the pre sale estimate range.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 48 |
| Aggregate Pre Sale Low Estimate | £301700 |
| Aggregate Pre Sale High Estimate | £445800 |
| Total Lots Sold | 31 |
| Total Lots Bought In | 17 |
| Buy In % | 35.42% |
| Total Sale Proceeds | £310126 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 18 |
| Total Low Lots Sold | 13 |
| Total Low Lots Bought In | 5 |
| Low Buy In % | 27.78% |
| Aggregate High Estimate of Low Lots | £56800 |
| Total Proceeds from Low Lots | £47876 |
| Mid Total Lots | 28 |
| Total Mid Lots Sold | 16 |
| Total Mid Lots Bought In | 12 |
| Mid Buy In % | 42.86% |
| Aggregate High Estimate of Mid Lots | £299000 |
| Total Proceeds from Mid Lots | £182250 |
| Total High Lots | 2 |
| Total High Lots Sold | 2 |
| Total High Lots Bought In | 0 |
| High Buy In % | 0.00% |
| Aggregate High Estimate of High Lots | £90000 |
| Total Proceeds from High Lots | £80000 |
The top lot by High estimate was lot 127, Vera Lutter, Kvaerner Shipyard, Rostock IX: December 5, 2000, 2000, estimated at £30000-50000; it sold for £32500. The top outcome of the sale was lot 30, Vik Muniz, Jackie (from Pictures of Chocolate), 2001, estimated at £30000-40000, sold at £47500 (image above, middle, via Phillips)
80.65% of the lots that sold had proceeds in or above the estimate range, and there were a total of 2 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 103, David Robbins, Talent, 1986, estimated at £2000-3000, sold at £7500 (image above, left, via Phillips)
Lot 104, Pierre Molinier, Three works: (i) Feminin Pluriel est Triste, 1967 (image above, right, via Phillips), (ii) Autoportrait, 1967, (iii) Autoportrait avec Godemi…, 1967, estimated at £1000-1500, sold at £7500
Complete lot by lot results can be found here.
