Friday, May 28, 2010

Auction Results: Photographs, May 20, 2010 @Phillips London

The results for the Photographs sale at Phillips in London last week were generally solid, if somewhat unremarkable. The buy-in rate was just over 30% and the total sale proceeds covered the total Low estimate.

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

Total Lots: 127
Pre Sale Low Total Estimate: £842500
Pre Sale High Total Estimate: £1166500
Total Lots Sold: 86
Total Lots Bought In: 41
Buy In %: 32.28%
Total Sale Proceeds: £901375

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

Low Total Lots: 57
Low Sold: 40
Low Bought In: 17
Buy In %: 29.82%
Total Low Estimate: £173500
Total Low Sold: £143000

Mid Total Lots: 61
Mid Sold: 40
Mid Bought In: 21
Buy In %: 34.43%
Total Mid Estimate: £628000
Total Mid Sold: £464575

High Total Lots: 9
High Sold: 6
High Bought In: 3
Buy In %: 33.33%
Total High Estimate: £365000
Total High Sold: £293800
The top lot by High estimate was lot 54, Robert Mapplethorpe, X, Y, Z Portfolios, 1977/1978, at £60000-80000; it was also the top outcome of the sale at £73250.

93.02% of the lots that sold had proceeds in or above their estimate. There were a total of 7 surprises in this sale (defined as having proceeds of at least double the high estimate):

Lot 1, Sebastiao Salgado, Dinka man at cattle camp of Kei, Southern Sudan, 2006, at £16250
Lot 14, Terry O'Neill, Michael Caine and Bob Hoskins, Reynold's Revue Bar, London, 1985/Later, at £10000
Lot 22, Nobuyoshi Araki, Untitled, 1986/2003, at £6875 (image at right, top, via Phillips)
Lot 58, Andre Kertesz, Untitled, 1979, at £8125
Lot 86, Julius Shulman, Case Study #22, Los Angeles, Pierre Koenig, Architect, 1960/Later, at £4875
Lot 115, Rene Burri, Sao Paolo, Brazil, 1960/2000, at £6000
Lot 121, Cornell Capa, Bolshoi Ballet School, Moscow, 1958/2001, at £5250
Complete lot by lot results can be found here.

Phillips De Pury & Company
Howick Place
London SW1P 1BB

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