Phillips - Editions: Including A Selection Of Works On Paper Auction Analysis

Collectors' Tip, Auction Results

April 24, 2015

A very successful auction has been held at Phillips in New York on Tuesday, April 21 - as, appears, all Tuesday's auctions this week was successful! This time, auction called Editions: Including A Selection Of Works On Paper, or, its contemporary part, sold more than 80 percent of lots - there were 276 lots of contemporary art, and 225 of them were sold, an excellent 81.5 percent. Christopher Wool's works appear to be popular these days, as his work outpriced Jean-Michel Basquiat's work at the top of the priciest lots list, even though that high estimate for Jean-Michel Basquiat's work was for $150,000 higher than Wool's. Seventy six lots were sold over high estimate - 27.5 percent of total number of lots, or more than third (33.7 percent) of sold lots. The most of sold lots had their hammer prices in range of estimated value (53 lots, or 42.7 percent of sold lots), and 53 lots were sold under low estimate (23.6 percent of sold lots). The total of 225 sold lots went for $3.83 million, which was just 6.5 percent lower than the sum of high estimates of sold lots ($4.1 million), and 38.6 percent higher than the sum of low estimates ($2.76 million).

Highs and Lows of Phillips - Editions: Including A Selection Of Works On Paper

When it comes to the best lots auctioned at Phillips, measured by difference between hammer price and high estimate, John Baldessari's Rollercoaster from 1989-90 was the most successful, as it was estimated at $2,500 - $3,500, and was sold for $13,000, or with +271.4 percent difference between hammer price and high estimate. The mentioned Jeff Koons' Dom Pérignon Balloon Venus (Magenta) from had +150 percent difference, as well as Agnes Martin's Untitled from 1952 (estimated at $2,000 - $3,000, sold for $7,500). Another Christopher Wool's work, Black Book from 1989, doubled its high estimate, as it was sold for $24,000 ($8,000 - $12,000, +100 percent difference), Josef Albers' Formulation Articulation I and II from 1972 did the same (estimated at $5,000 - $7,000, sold for $14,000), Robert Colescott's Detectives Report: Unsolved Mystery from 1990 had + 87.5 percent difference, and Roy Lichtenstein's Untitled (Still Life with Lemon and Glass), from For Meyer Schapiro from 1974 had +83.3 percent difference. On the other hand, Günther Förg's Untitled from 1996 was sold for half of the low estimated price (-50 percent difference between hammer price and low estimate), as well as Robert Rauschenberg's Bamboo; Lily Pads; Coke Bottle Still Life; and Tea Pots, from Studies for Chinese Summerhall (large) from 1983. Takashi Murakami's And Then x 6 Red; And Then x 6 (White: The Superflat Method, Blue and Yellow Ears); And Then x 727 (Ultramarine: GUNJO); DOB in Pure White Robe (Pink & Blue); and DOB in Pure White Robe (Navy & Vermillion) from 2013 was sold for $2,200 and was estimated at $5,000 - $7,000 (-56 percent difference), Terry Winters' Models for Synthetic Pictures from 1994 was sold for $4,500 (estimated at $12,000 - $18,000, -62.5 percent difference), and the worst ratio between hammer price and low estimate had Jonathan Seliger's Grove; and The Nice Price from 2000, which was estimated at $1,000 - $1,500, or with -70 percent difference.

Please, scroll down to find detailed info on every lot auctioned at Phillips on Tuesday, April 21.

The Best Individual Results at Phillips - Editions: Including A Selection Of Works On Paper

As we said, Christopher Wool appears to be hip these days: first, his Untitled was sold for $1.1 million at Sotheby's in Doha (on April 21, too), and now his Three Women (Medium I, II, III) from 2005 was sold for $370,000, even though it was estimated at $250,000 - $350,000. Jean-Michel Basquiat's Back of the Neck from 1983 was estimated at $300,000 - $500,000 and was sold for low estimate. Two works by Andy Warhol come next, Camouflage from 1987 for $160,000 (estimated at $120,000 - $180,000), and Moonwalk from 1987 for $150,000 (estimated at $70,000 - $100,000). Richard Diebenkorn's High Green, Version II from 1992 was also sold for $150,000, and another Warhol's work, Superman, from Myths from 1981 went for $140,000. Brice Marden's Suzhou I-IV from 1998 did well, as it was estimated at $60,000 - $80,000 and changed hands for $110,000. Jeff Koons' Flower Drawing (Green) from 2011 also was successful (sold for $95,000, estimated at $60,000 - $80,000). Keith Haring's five works, Untitled 1-5 (The Fertility Suite) from 1983 was sold for $85,000, Cy Twombly's Untitled, from On the Bowery from 1969-71 went for $75,000 (estimated at $30,000 - $50,000), while another Koons' work, Dom Pérignon Balloon Venus (Magenta) from 2013 was outstanding, as it was estimated at $22,000 - $28,000 and changed hands for $70,000, or with +150 percent difference between hammer price and high estimate. Ed Ruscha's Cheese Mold Standard with Olive from 1969, Andy Warhol's Mick Jagger from 1975 and Chuck Close's Self-Portrait from 2000 were sold for $55,000 each, and no other lot was sold for more than $50,000.

Phillips - Editions: Including A Selection Of Works On Paper in Details

Sign up now for My WideWalls and be up-to-date with contemporary and street art.

Phillips
Helen Frankenthaler - Tales Of Genji V, From Tales Of Genji, 1998 (Lot 43)

Phillips
Elizabeth Peyton - Jackie And John, Prince Harry And Prince William, John, Kiss (Tony), and Prince William, 2000 (Lot 60)

Phillips
Christopher Wool - Black Book, 1989 (Lot 173)

Phillips
Richard Diebenkorn - High Green, Version II, 1992 (Lot 46)

Phillips
Keith Haring - Silence = Death, 1989 (Lot 74)

Phillips
Cindy Sherman - Untitled (In Honor of Mark Morrisroe), from 1989 Portfolio, 1980-2000 (Lot 156)

Phillips
Yayoi Kusama - Amour Pour Toujours, 2000 (10 works) (Lot 99)

Phillips
Roy Lichtenstein - Untitled (Still Life With Lemon And Glass), from For Meyer Schapiro, 1974 (Lot 269)

Phillips
Keith Haring - Statue Of Liberty, 1986 (Lot 77)

Phillips
Roy Lichtenstein - Peace Through Chemistry IV, 1970 (Lot 90)

Phillips
Robert Longo - Meryl And Jonathan, From Men In The Cities, 1980 (Lot 61)

Phillips
Robert Longo - Crystal Chandelier, 2012 (Lot 64)

Phillips
Jenny Holzer - 9 works, 1986 (Lot 73)

Phillips
Andy Warhol - Mick Jagger, 1975 (Lot 85)

Phillips
Keith Haring - Untitled 1-5 (The Fertility Suite), 1983 (Lot 76)

Phillips
Keith Haring - Apocalypse, 1988 (Lot 75) (detail)

Phillips
John Baldessari - The Fallen Easel, 1988 (Lot 71) (detail)

Phillips
Chuck Close - Self-portrait, 2000 (Lot 94)

Phillips
Jeff Koons - Dom Pérignon Balloon Venus (Magenta), 2013 (Lot 88)

Phillips
Gerhard Richter - Kerze I (Candle I), 1988 (Lot 54)

Phillips
Ed Ruscha - Safe And Effective Medication, 2001 (Lot 68)

Phillips
Ed Ruscha - Insects, 1972 (Lot 70)

Phillips
Cy Twombly - Untitled, From On The Bowery, 1969-71 (Lot 51)

Phillips
Christopher Wool - Three Women (Medium I, II, III), 2005 (Lot 52)

Phillips
Andy Warhol - Superman, From Myths, 1981 (Lot 79)

Phillips
Andy Warhol - Moonwalk, 1987 (Lot 80)

Phillips
Andy Warhol - Lifesavers, From Ads, 1985 (Lot 84)

Phillips
Andy Warhol - Camouflage, 1987 (8 works) (Lot 82) (detail)

Featured images:
- Alex Katz - Orange Hat, from Alex and Ada, the 1960's to the 1980's, 1990 (Lot 96) (detail)
- Jean-Michel Basquiat - Back Of The Neck, 1983 (Lot 72)
- Ed Ruscha - Cheese Mold Standard With Olive, 1969 (Lot 67)
- Julian Opie - Siân Walking; Jeremy Walking In Coat; Verity Walking; And Kris Walking, 2010 (Lot 66)

Also in slider:
- Robert Longo - Leo, 2013 (Lot 63) (detail)
- Alex Katz - Yellow Tulips, 2014 (Lot 98) (detail)
- Willem De Kooning - Untitled, 1972 (Lot 45) (detail)
- Robert Longo - Crystal Chandelier, 2012 (Lot 64) (detail)

All images courtesy of Phillips.