Keith Haring Leads Phillips $4.34m 'Evening & Day Editions' Auction in London

A work by Keith Haring was the headline sale at Phillips 'Evening & Day Editions' auction on June 6-7 in London.

• The sale totaled $4.34m, meeting the pre-sale estimate.

Snapshot of the sale

• 278 works sold totaling $4.34m.
• Estimates totaled: $3.05m (low) and $4.45m (high), excluding premiums.
• The sell-through rate was 86% of the original 323 lots announced.

The star lot was: Keith Haring, Dog (1986), which sold for $455,100, 78% above its $255,400 low estimate. It has been traded once in the past.

The outperformer sold for 325% above its low estimate. Damien Hirst, Controlled Substances Key Spot (2011), sold for $11,400 ($2,552 low estimate).

• 125 works, or 45%, sold above their high estimate.
• 123 works, or 44%, sold within their low and high estimate.
• 30 works, or 11%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

45 works were bought-in, including: After Jean-Michel Basquiat, Ascent; Olympic; Leeches; and Liberty (1982-1983) (2017), estimated at $76,600 (low) to $102,200 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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