Phillips’s modern and contemporary evening sale in New York produced record-setting results for P.S. Krøyer, Pat Passlof, and Joseph Yaeger. Only three records were set, but the overall performance surpassed last year across nearly every metric. Of 43 lots offered, 2 were withdrawn and 41 sold, with no lots bought in. The sell-through rate reached 95.3%, rising to 100% after withdrawals. Total sales after fees were $115.2 million, more than double last year’s $52 million. The hammer total was $91.7 million, exceeding the presale low estimate by $4.6 million, and by $7.4 million after withdrawals. Andy Warhol’s Sixteen Jackies (1964) led at $16.2 million.
"Total Sales After Fees: $115.2 million Total Sales of Equivalent Auction Last Year: $52 million Hammer Total: $91.7 million Top Seller: Andy Warhol's Sixteen Jackies (1964), which sold for $16.2 million against an estimate of $15 million to $20 million. Lots on Offer: 43 Lots Withdrawn: 2 Lots Sold: 41 Lots Bought In: 0 Sell-through Rate: 95.3 percent Sell-through Rate After Withdrawals: 100 percent"
"Presale Low Estimate: $87.1 million Presale Low Estimate After Withdrawals: $84.3 million Hammer Total vs. Presale Low Estimate: +$4.6 million Hammer Total vs. Presale Low Estimate (revised after withdrawals): +$7.4 million Lots Guaranteed: 21 Lots With House Guarantees: 0 Lots With Third-Party Guarantees: 21 Total Low Estimate of Withdrawn Lots: $2.8 million Total Low Estimate of Third-Party Guaranteed Lots: $61.7 million"
""We work for the consignors here, ladies and gentlemen," said auctioneer Henry Highley as the board behind him reverted the standing bid on Lee Bontecou's critical two-dimensional work Untitled (1985-2001) from $3.35 million to $3.325 million-after getting ahead of itself amidst the lot's excitement."
Read at Artnet News
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