Fernand Leger Leads Phillips $84.72m 'Living the Avant-Garde: The Triton Collection, Evening Sale Part I' in New York

Fernand Leger Leads Phillips $84.72m 'Living the Avant-Garde: The Triton Collection, Evening Sale Part I' in New York

3 min read  ·  15 Nov 2023

Le 14 juillet by Fernand Leger sold for $17.62m.
Image courtesy of Phillips

Le 14 juillet by Fernand Leger sold for $17.62m. Image courtesy of Phillips

A work by Fernand Leger was the headline sale at Phillips 'Living the Avant-Garde: The Triton Collection Foundation, Evening Sale Part I' on November 14 in New York.

  • The sale totaled $84.72m, meeting the pre-sale estimate.

Snapshot of the sale

  • 30 works sold totaling $84.72m.
  • Estimates totaled: $73.29m (low) and $103.8m (high), excluding premiums.
  • The sell-through rate was 100%, so a white-glove sale.

The star lot was: Fernand Leger, Le 14 juillet (1911), which sold for $17.62m, 17% above its $15m low estimate. It has been traded 3 times in the past.

The outperformer sold for 400% above its low estimate. Gino Severini, Mare = Ballerina (1913), sold for $444,500 ($80,000 low estimate). It has been traded 3 times in the past.

Breakdown of results against auction house estimates that are disclosed

Breakdown of results against auction house estimates that are disclosed

  • 8 works, or 27%, sold above their high estimate.
  • 14 works, or 47%, sold within their low and high estimate.
  • 8 works, or 27%, sold below their low estimate.
  • 0 sold with undisclosed estimates.

Guaranteed sales

All 30 works had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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


background
Daily Insight

Get the HENI News Daily Art Digest delivered to your inbox. HENI News brings you curated coverage of the art world's most important stories and developments. You'll also receive occasional updates about future HENI drops, products and events.

See our Privacy Policy.