James Rosenquist's F-111 Leads Phillips $727,900 Auction From Artist's Estate in New York

Works from the James Rosenquist Estate at Phillips on February 15 in New York exceeded the pre-sale high estimate, with the artist's F-111 soaring at the single-artist auction.

• The sale totaled $727,900.

Snapshot of the sale

• 50 works sold totaling $727,900.
• Estimates totaled: $264,800 (low) and $411,600 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: James Rosenquist, *F-111 (south) (west) (north) (east) * (1974), which sold for $228,600, 600% above its $30,000 low estimate.

The outperformer sold for 700% above its low estimate. James Rosenquist, Whipped Butter for Eugene Ruchin, from 11 Pop Artists, Volume II (1965), sold for $3,556 ($400 low estimate).

• 42 works, or 84%, sold above their high estimate.
• 5 works, or 10%, sold within their low and high estimate.
• 3 works, or 6%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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