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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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