Damien Hirst Leads Phillips $763,400 'Editions & Works on Paper' Auction in New York

A work by Damien Hirst, which is a HENI Edition, was the headline sale at Phillips 'Editions & Works on Paper' auction on February 15 in New York.

• The sale totaled $763,400, meeting the pre-sale estimate.

Snapshot of the sale

• 104 works sold totaling $763,400.
• Estimates totaled: $600,700 (low) and $907,900 (high), excluding premiums.
• The sell-through rate was 90% of the original 115 lots announced.

The star lot was: Damien Hirst, The Virtues (Entire Set) (2021), a HENI Edition, which sold for $152,400, 90% above its $80,000 low estimate.

The outperformer sold for 400% above its low estimate. Andy Warhol, *Campbell's Soup Can (Tomato) * (1966), sold for $5,334 ($1,000 low estimate).

• 49 works, or 47%, sold above their high estimate.
• 31 works, or 30%, sold within their low and high estimate.
• 24 works, or 23%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

10 works were bought-in, including: KAWS, NO ONE'S HOME; STAY STEADY; and THE THINGS THAT COMFORT (2015), estimated at $40,000 (low) to $60,000 (high).

Withdrawn before the sale

1 work was withdrawn before the sale: Sanford Biggers, Afropick (2005) estimated at $3,000 (low) to $5,000 (high).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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.