Phillips Modern & Contemporary Online Auction Totals $1.69m
Untitled (Tell Me Everything...) by Richard Prince sold for $51,600. Image courtesy of Phillips
A work by
Richard Prince
was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, New York'
on June 16-30 in New York.
The star lot was:
Richard Prince,
Untitled (Tell Me Everything...) (1987), which sold for $51,600, 158% above its $20,000 low estimate.
It has been traded once in the past.
The outperformer sold for 4415% above its low estimate.
Ralph Albert Blakelock,
Untitled (Landscape, Sunset) (Undated),
sold for $45,100 ($1,000 low estimate).
It has been traded twice in the past.
50 works were bought-in, including:
Shirazeh Houshiary,
Skin (2001), estimated at $20,000 (low) to $30,000 (high).
It has been traded twice in the past.
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls.
Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.
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This article was originally published by HENI.