The photography included in Phillips’ Under the Influence sale last week generally performed to expectations. With a Buy-In rate under 30% and Total Sale Proceeds that fell within the pre-sale range, it was a workmanlike start to the auction season.
The summary statistics are below (all results include the buyer’s premium):
| Summary Statistics | |
|---|---|
| Total Lots | 63 |
| Aggregate Pre Sale Low Estimate | $732000 |
| Aggregate Pre Sale High Estimate | $1068000 |
| Total Lots Sold | 45 |
| Total Lots Bought In | 18 |
| Buy In % | 28.57% |
| Total Sale Proceeds | $807625 |
Here is the breakdown (using the Low, Mid, and High definitions from the preview post):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 21 |
| Total Low Lots Sold | 16 |
| Total Low Lots Bought In | 5 |
| Low Buy In % | 23.81% |
| Aggregate High Estimate of Low Lots | $151000 |
| Total Proceeds from Low Lots | $135125 |
| Mid Total Lots | 41 |
| Total Mid Lots Sold | 29 |
| Total Mid Lots Bought In | 12 |
| Mid Buy In % | 29.27% |
| Aggregate High Estimate of Mid Lots | $847000 |
| Total Proceeds from Mid Lots | $672500 |
| Total High Lots | 1 |
| Total High Lots Sold | 0 |
| Total High Lots Bought In | 1 |
| High Buy In % | 100.00% |
| Aggregate High Estimate of High Lots | $70000 |
| Total Proceeds from High Lots | $0 |
The top lot by High estimate was lot 88, Vik Muniz, Bette Davis from Pictures of Diamonds, 2004, estimated at $50000-70000; it did not sell. The top outcome of the sale was lot 87, Alex Prager, Despair, 2010, estimated at $30000-50000, sold at $62500.
73.33% of the lots that sold had proceeds in or above the estimate range, and there were a total of 3 surprises in the sale (defined as having proceeds of at least double the high estimate):
Lot 97, Wolfgang Tillmans, Lighter, Green I, 2000, estimated at $15000-20000, sold at $56250 (image above, middle, via Phillips)
Lot 131, Vik Muniz, New York Movie after Hopper from the series Pictures of Pigment, 2006, estimated at $20000-30000, sold at $60000 (image above, left, via Phillips)
Lot 132, Vik Muniz, Hobo from the series Clayton Days, 2000, estimated at $3000-4000, sold at $35000 (image above, right, via Phillips)
Complete lot by lot results can be found here.
