Download the HENI News app

Apple IconIOS
ArtChevron Down Icon
Discord Icon
Shoutout Icon










Andy Warhol Leads Phillips $11.55m '20th Century & Contemporary Day Sale, Morning Session' in New York

3 min read  · 16 Nov 2023

Kimiko Powers by Andy Warhol sold for $952,500. Image courtesy of Phillips

A work by Andy Warhol was the headline sale at Phillips '20th Century & Contemporary Art Day Sale, Morning Session' on November 15 in New York.

  • The sale totaled $11.55m, meeting the pre-sale estimate.

Snapshot of the sale

  • 99 works sold totaling $11.55m.

  • Estimates totaled: $10.4m (low) and $15.37m (high), excluding premiums.

  • The sell-through rate was 82% of the original 120 lots announced.

The star lot was: Andy Warhol, Kimiko Powers (1972), which sold for $952,500, 200% above its $300,000 low estimate. It has been traded 4 times in the past.

The outperformer sold for 300% above its low estimate. Claude Lalanne, Pomme Bouche (1980), sold for $104,100 ($25,000 low estimate). It has been traded 3 times in the past.

Breakdown of results against auction house estimates that are disclosed

  • 45 works, or 45%, sold above their high estimate.

  • 41 works, or 41%, sold within their low and high estimate.

  • 13 works, or 13%, sold below their low estimate.

  • 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

18 works were bought-in, including: Gerhard Richter, Abstraktes Bild (1984), estimated at $350,000 (low) to $550,000 (high). It has been traded 3 times in the past.

Withdrawn before the sale

3 works were withdrawn before the sale, including: Robert Colescott, Medical Doctor (1973) estimated at $300,000 (low) to $500,000 (high).

Terms and definitions

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.


Andy Warhol

New York