Caroline Walker Leads Phillips $848,200 'Modern & Contemporary Art: Online Auction, London'

A work by Caroline Walker was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, London' on July 3.

• The sale totaled $848,200, meeting the pre-sale estimate.

Snapshot of the sale

• 103 works sold totaling $848,200.
• Estimates totaled: $732,100 (low) and $1.08m (high), excluding premiums.
• The sell-through rate was 86% of the original 120 lots announced.

The star lot was: Caroline Walker, Untitled (2003), which sold for $48,600, 52% above its $31,900 low estimate. It has been traded once in the past.

The outperformer sold for 800% above its low estimate. Dominique Polles, Abstract figure (1992), sold for $42,100 ($4,467 low estimate). It has been traded twice in the past.

• 49 works, or 48%, sold above their high estimate.
• 26 works, or 25%, sold within their low and high estimate.
• 28 works, or 27%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

16 works were bought-in, including: Sterling Ruby, BC (4186) (2013), estimated at $51,000 (low) to $76,600 (high). It has been traded once in the past.

Withdrawn before the sale

1 work was withdrawn before the sale: Helen Beard, Leda and the Swan (2020) estimated at $15,300 (low) to $23,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.