Phillips’ end of the year Under the Influence sale did an admirable job cleaning up the last of the inventory. While a few no reserve lots fell to unexpectedly low prices and there were no positive surprises, for the most part, buyers were found, bringing the Total Sale Proceeds in just inside the pre-sale range.
The summary statistics are below (all results include the buyer’s premium):
|Aggregate Pre Sale Low Estimate||£322500|
|Aggregate Pre Sale High Estimate||£464500|
|Total Lots Sold||37|
|Total Lots Bought In||8|
|Buy In %||17.78%|
|Total Sale Proceeds||£332164|
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
|Low Total Lots||14|
|Total Low Lots Sold||14|
|Total Low Lots Bought In||0|
|Low Buy In %||0.00%|
|Aggregate High Estimate of Low Lots||£58500|
|Total Proceeds from Low Lots||£52414|
|Mid Total Lots||26|
|Total Mid Lots Sold||18|
|Total Mid Lots Bought In||8|
|Mid Buy In %||30.77%|
|Aggregate High Estimate of Mid Lots||£264000|
|Total Proceeds from Mid Lots||£152250|
|Total High Lots||5|
|Total High Lots Sold||5|
|Total High Lots Bought In||0|
|High Buy In %||0.00%|
|Aggregate High Estimate of High Lots||£160000|
|Total Proceeds from High Lots||£127500|
The top lot by High estimate was tied between two lots: lot 7, Walead Beshty, Untitled, 2007, and lot 21, Vik Muniz, Guernica, after Picasso (Gordian Puzzles), 2009, both estimated at £25000-35000; the Beshty (image above, right, via Phillips) sold for £32500 and the Muniz sold for £31250.
81.08% of the lots that sold had proceeds in or above the estimate range, and there were no surprises in the sale (defined as having proceeds of at least double the high estimate). The closest thing to a surprise was lot 82, Becky Beasley, Figure (Part 3), 2008, estimated at £3000-5000 and sold for £8125 (image above, left, via Phillips).
Complete lot by lot results can be found here.