The proceeds for the photography in Phillips’ Under the Influence sale last week exceeded expectations, covering the high estimate with room to spare. With some help from Barbara Kruger and a low Buy-In rate (under 15%), it was a solid result all around.

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

Total Lots: 55
Pre Sale Low Total Estimate: $375000
Pre Sale High Total Estimate: $532500
Total Lots Sold: 47
Total Lots Bought In: 8
Buy In %: 14.55%
Total Sale Proceeds: $654750

Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):

Low Total Lots: 40
Low Sold: 33
Low Bought In: 7
Buy In %: 17.50%
Total Low Estimate: $215500
Total Low Sold: $238500

Mid Total Lots: 15
Mid Sold: 14
Mid Bought In: 1
Buy In %: 6.67%
Total Mid Estimate: $317000
Total Mid Sold: $416250

High Total Lots: 0
High Sold: NA
High Bought In: NA
Buy In %: NA
Total High Estimate: $0
Total High Sold: NA

The top lot by High estimate was lot 143, Vik Muniz, After Mark Rothko (from Pictures of Colors), 2001, at $30000-40000; it sold for $68500. The top outcome of the sale was lot 89, Barbara Kruger, Ohne Titel – Lust, 2001, at $92500.

82.98% of the lots that sold had proceeds in or above the estimate range. There were a total of 6 surprises in this sale (defined as having proceeds of at least double the high estimate):

Lot 77, Ryan McGinley, Dash Bombing, New York, 2000, at $20000 (image at right, top, via Phillips)

Lot 84, Katy Grannan, Untitled (from Poughukeepsie Journal), 1999, at $10000

Lot 85, Katy Grannan, Untitled (from Poughkeepsie Journal), 1999, at $11250 (image at right, bottom, via Phillips)

Lot 89, Barbara Kruger, Ohne Titel – Lust, 2001, at $92500

Lot 102, Dionisio Gonzalez, Heliopolis IV, 2006, at $8125

Lot 185, Zhang Huan, Meat and Text (from 1/2 Series), 1998, at $20000 (image at right, middle, via Phillips)

Complete lot by lot results can be found here.

Phillips De Pury & Company
450 Park Avenue

New York, NY 10022

and

450 West 15th Street

New York, NY 10011