Andy Warhol Leads Phillips $4.86m 'Evening & Day Editions' Auction in London

A work by Andy Warhol was the headline sale at Phillips 'Evening & Day Editions' auction on September 19-20 in London.

• The sale totaled $4.86m (GBP3.67m), exceeding the pre-sale high estimate.

Snapshot of the sale

• 297 works sold totaling $4.86m.
• Estimates totaled: $2.93m (low) and $4.29m (high), excluding premiums.
• The sell-through rate was 91% of the original 326 lots announced.

The star lot was: Andy Warhol, *Details of Renaissance Paintings (Sandro Botticelli, Birth of Venus, 1482) * (1984), which sold for $328,100, 149% above its $131,400 low estimate. It has been traded once in the past.

The outperformer sold for 1178% above its low estimate. Takashi Murakami, 727 (2016), sold for $16,900 ($1,319 low estimate).

• 173 works, or 58%, sold above their high estimate.
• 88 works, or 30%, sold within their low and high estimate.
• 36 works, or 12%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

28 works were bought-in, including: Donald Judd, *Untitled * (1990), estimated at $13,100 (low) to $19,700 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Stik, Holding Hands (Teal, Orange, Red, Blue, Yellow) (2020) estimated at $3,957 (low) to $6,594 (high).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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.