3 min read · 16 Feb 2024
F-111 (south) (west) (north) (east) by James Rosenquist sold for $228,600. Image courtesy of Phillips
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 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).
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
0 works were bought-in.
0 works were withdrawn
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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.