Hockney's Beloved Dachshunds Lead Phillips $2.37m 'David Hockney' Auction in London

A work by David Hockney was the headline sale at Phillips 'David Hockney' auction on September 19 in London.

• The sale totaled $2.37m (GBP1.79m), meeting the pre-sale estimate.

Snapshot of the sale

• 57 works sold totaling $2.37m.
• Estimates totaled: $1.92m (low) and $2.76m (high), excluding premiums.
• The sell-through rate was 93% of the original 61 lots announced.

The star lot was: David Hockney, Dog Wall (1998), which sold for $420,700, 60% above its $262,600 low estimate. It has been traded once in the past.

The outperformer sold for 386% above its low estimate. David Hockney, *Johnny and Lindsay * (1979), sold for $6,395 ($1,313 low estimate).

• 38 works, or 67%, sold above their high estimate.
• 17 works, or 30%, sold within their low and high estimate.
• 2 works, or 4%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

4 works were bought-in, including: David Hockney, The Arrival of Spring in Woldgate, East Yorkshire in 2011 (twenty eleven) - 16 May (2011), estimated at $367,700 (low) to $525,300 (high).

Withdrawn before the sale

0 works were withdrawn

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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