Tuesday, May 14, 2013

Auction Results: Photographs, May 8, 2013 @Phillips London

Phillips' various owner Photographs sale in London last week delivered solid, workmanlike results. With a Buy-In rate just over 30% and Total Sale Proceeds that found the middle of the estimate range, it generally performed according to plan.

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

Total Lots: 123
Pre Sale Low Total Estimate: £1184000
Pre Sale High Total Estimate: £1676500
Total Lots Sold: 86
Total Lots Bought In: 37
Buy In %: 30.08%
Total Sale Proceeds: £1291750

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

Low Total Lots: 49
Low Sold: 36
Low Bought In: 13
Buy In %: 26.53%
Total Low Estimate: £182500
Total Low Sold: £159375

Mid Total Lots: 59
Mid Sold: 41
Mid Bought In: 18
Buy In %: 30.51%
Total Mid Estimate: £714000
Total Mid Sold: £574125

High Total Lots: 15
High Sold: 9
High Bought In: 6
Buy In %: 40.00%
Total High Estimate: £780000
Total High Sold: £558250

The top photography lot by High estimate was lot 32, Nobuyoshi Araki, 77 works, n.d., estimated at £100000-120000; it was also the top outcome of the sale at £110500.

96.51% of the lots that sold had proceeds above or in the estimate range, and there were 5 positive surprises (defined as having proceeds of at least double the high estimate):

Lot 63, Alfred Eisenstaedt, Ice Skating Waiter, St. Moritz, Switzerland, 1932/later, estimated at £6000-8000, sold at £16250 (image at right, top, via Phillips)
Lot 73, Elliott Erwitt, New York City, 1974/later, estimated at £1500-2500, sold at £5250
Lot 112, Albert Watson, Monkey With Gun, New York City, 1992, estimated at £2000-3000, sold at £6000 (image at right, bottom, via Phillips)
Lot 117, Loretta Lux, The Drummer, 2004, estimated at £4000-6000, sold at £13750 (image at right, middle via Phillips)
Lot 122, Helmut Newton, Sumo, estimated at £2500-3500, sold at £10000

Complete lot by lot results can be found here.

Howick Place
London SW1P 1BB

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