The photography included in the recent 20th Century & Contemporary Art sales at Phillips in London generally performed to expectations. The top lot Andreas Gursky print found a buyer, the Buy-In rate for photography was under 20%, and the Total Sale Proceeds fell into 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 | 17 |
| Aggregate Pre Sale Low Estimate | £1104000 |
| Aggregate Pre Sale High Estimate | £1634000 |
| Total Lots Sold | 14 |
| Total Lots Bought In | 3 |
| Buy In % | 17.65% |
| Total Sale Proceeds | £1349375 |
Here is the breakdown (using our usual Low, Mid, and High price tier definitions):
| Detailed Breakdown | |
|---|---|
| Low Total Lots | 0 |
| Total Low Lots Sold | NA |
| Total Low Lots Bought In | NA |
| Low Buy In % | NA |
| Aggregate High Estimate of Low Lots | £0 |
| Total Proceeds from Low Lots | £0 |
| Mid Total Lots | 6 |
| Total Mid Lots Sold | 6 |
| Total Mid Lots Bought In | 0 |
| Mid Buy In % | 0.00% |
| Aggregate High Estimate of Mid Lots | £69000 |
| Total Proceeds from Mid Lots | £81875 |
| Total High Lots | 11 |
| Total High Lots Sold | 8 |
| Total High Lots Bought In | 3 |
| High Buy In % | 27.27% |
| Aggregate High Estimate of High Lots | £1565000 |
| Total Proceeds from High Lots | £1267500 |
The top photography lot by High estimate was lot 16, Andreas Gursky, May Day V, 2006, estimated at £450000-650000. It was also the top photography outcome of the sales at £495000 (image above, via Phillips).
100.00% of the lots that sold had proceeds in or above the estimate range and there was 1 positive surprise in the sales (defined as having proceeds of at least double the high estimate) (image above, via Phillips):
Lot 29, Cory Arcangel, Photoshop CS: 72 by 110 inches, 300 DPI, RGB, square pixels, default gradient “Blue, Red, Yellow”, mousedown y=11050 x=3350, mouseup y=16300 x=19900, 2009, estimated at £100000-150000, sold at £300000
The complete lot by lot results can be found here (Evening) and here (Day).
