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Phillips: Photographs Evening Sale Auction Recap

  • Phillips
  • Phillips
April 3, 2015

On Wednesday, April 1, at Phillips auction house in New York, there was an Evening sale auction of photographs, one of several photographs auction this week. Phillips: Photographs Evening Sale was a small, 27-lot auction, and it was predecessor of a much bigger photographs auction in Phillips – Photographs Day Sale, that was held on April 2. However, at this Evening Sale some great results were achieved, and while there wasn’t a million dollars sale as we hoped, there were more than few $100,000+ sales. This time, unlike the photographs auction at Christie’s the day before, photographs from the beginning of the century weren’t the most successful ones, but rather the ones from the second half of the 20th Century.

Phillips
Thomas Ruff – Sterne 23h 39m -55°, 1992 (detail) (Lot 15)

Phillips: Photographs Evening Sale – The Wide Picture

As we said, there were 27 lots that were auctioned, and 20 of them were sold, which was a solid 74.1 percent. Just three lots were sold over high estimate – 11.1 percent of total number, or 15 percent of sold lots. Nine lots went for price that was in range of estimated values (45 percent of sold lots), and 8 lots were sold under low estimate (40 percent of sold lots). These 20 lots were sold for total of $2.69 million, which was -23.3 percent difference between the total of hammer prices and total of high estimates ($3.5 million), but +3.5 percent above the sum of low estimates ($2.6 million).

Phillips
Richard Avedon – The Family, 1976 (Sixty-nine gelatin silver prints) (detail) (Lot 4)

The Biggest Hammer Prices at Phillips: Photographs Evening Sale

We hoped that Helmut Newton’s Walking Women, Paris from 1981 would have sold for over $1 million, as it was estimated at $700,000 – $900,000. However, it changed hands for $750,000, which was -16.7 percent difference between hammer price and high estimate. John Baldessari’s Green Sunset (with Trouble) from 1987 went for price that was low estimated value ($300,000), as well as Man Ray’s Reclining Nude with Satin Sheet from 1935 was sold for $270,000 (estimated value was set at $300,000 – $400,000). Diane Arbus’ A widow in her bedroom on 55th St., NYC from 1963 also didn’t achieve low estimated value (estimated at $200,000 – $250,000, sold for $190,000), and Richard Avedon’s The Family was sold for the same price. Alfred Stieglitz’s The Steerage from 1907 went for $160,000 and Desiree Dolron’s Xteriors XII from 2001-2006 was the last artwork that was sold for $100,000 or more. Cindy Sherman’s Untitled #103 from 1982 changed owners for $95,000, Thomas Ruff’s Sterne 23h 39m/-55° from 1992 went for $90,000, František Drtikol’s Nude from 1925 for $85,000, and two photographs by Irving Penn (Black and White Fashion with Handbag (Jean Patchett) (C), New York from 1950 and Picasso (B), Cannes, from 1957) were sold for $85,000 and $80,000, respectively. When it comes to the highest difference, only three lots that were sold over high estimate were mentioned Xteriors XII by Desiree Dolron (+25 percent difference), Black and White Fashion with Handbag (Jean Patchett) (C), New York by Irving Penn (+21.4 percent difference), and Richard Avedon’s Robert Frank, photographer, Mabou Mines, Nova Scotia July 17 from 1975, with +5 percent difference.

Phillips
Helmut Newton – Walking Women, Paris, 1981 (Lot 8)

The Unsold Ones at Phillips: Photographs Evening Sale

The lot that had the highest estimated value, but wasn’t sold, was Hiroshi Sugimoto’s Lake Superior, Cascade River from 1995 (it was estimated at $350,000 – $550,000). Then, there were Zhang Huan’s Family Tree (estimated at $180,000 – $220,000), Nobuyoshi Araki’s A/FILM 6 X 7 from 2007 (estimated at $120,000 – $180,000), and two photographs that were estimated at $100,000 – $150,000 (Thomas Struth’s Paradise 26 (Bougainville), Palpa, Peru from 2003 and Irving Penn’s Frozen Foods, New York), but none of them were sold. Also, the biggest negative difference between hammer price and low estimate had Wolfgang Tillmans’ Torino Installation from 2002 – it was estimated at $50,000 – $70,000, and changed hands for $35,000, or with -30 percent difference.

Please, scroll down for more information on 27 lots that were auctioned at Phillips: Photographs Evening Sale.

  • Phillips

Phillips: Photographs Evening Sale in Details

Total number of lots:27
Number of sold lots:20
Sold lots [%]:74.1
Number of sold lots over high estimate:3
Over high estimate (Total) [%]:11.1
Over high estimate (Sold) [%]:15
Number of sold lots in range of estimated values:9
In range of estimated values (Sold) [%]:45
Number of sold lots under low estimate:8
Under low estimate (Sold) [%]:40
Results were under estimate spread of [%]:27.4
Total number of lots:27
Number of sold lots:20
Sold lots [%]:74.1
Number of sold lots over high estimate:3
Over high estimate (Total) [%]:11.1
Over high estimate (Sold) [%]:15
Number of sold lots in range of estimated values:9
In range of estimated values (Sold) [%]:45
Number of sold lots under low estimate:8
Under low estimate (Sold) [%]:40
Results were under estimate spread of [%]:27.4

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Phillips
Robert Mapplethorpe – Flag, 1987 (Lot 24)
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Pierre & Gilles – Les amoureux – Johan et Léo, 1998 (Lot 23)
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Lewis Wickes Hine – Team Work, Empire State Building, New York City, 1930 (Lot 1)
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John Baldessari – Green Sunset (with Trouble), 1987 (Lot 13)
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Irving Penn – Picasso (B), Cannes, 1957 (Lot 11)
Phillips
Richard Avedon – Robert Frank, photographer, Mabou Mines, Nova Scotia, July 17, 1975 (Lot 5)
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Irving Penn – Black and White Fashion with Handbag (Jean Patchett) (C), New York, 1950 (Lot 7)
Phillips
Diane Arbus – A widow in her bedroom on 55th St., NYC, 1963 (Lot 20)
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Alfred Stieglitz – The Steerage, 1907 (Lot 3)

Featured images: – Lewis Wickes Hine – Team Work, Empire State Building, New York City, 1930 (detail) (Lot 1) – Wolfgang Tillmans – Torino Installation, 2002 (Lot 25)

Also in slider: – Adam Fuss – Untitled, 2011 (Lot 17) (detail)

All images courtesy of Phillips.