Keith Haring Leads Phillips $970,800 'Editions, Photographs and Design' Auction in Hong Kong

A work by Keith Haring was the headline sale at Phillips 'Editions, Photographs and Design' auction on June 14 in Hong Kong.

• The sale totaled $970,800, falling short of its pre-sale low estimate.

Snapshot of the sale

• 71 works sold totaling $970,800.
• Estimates totaled: $1.03m (low) and $1.54m (high), excluding premiums.
• The sell-through rate was 69% of the original 103 lots announced.

The star lot was: Keith Haring, *Dog * (1986), which sold for $113,800, 77% above its $63,900 low estimate. It has been traded once in the past.

The outperformer sold for 400% above its low estimate. Yoshitomo Nara, Cosmic Girls (2008), sold for $7,317 ($1,279 low estimate). It has been traded once in the past.

• 25 works, or 35%, sold above their high estimate.
• 27 works, or 38%, sold within their low and high estimate.
• 19 works, or 27%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

15 works were bought-in, including: Kaws, TENSION (2019), estimated at $35,800 (low) to $61,400 (high). It has been traded once in the past.

Withdrawn before the sale

17 works were withdrawn before the sale, including: Damien Hirst, The Virtues (Entire Set) (2021) estimated at $76,700 (low) to $102,300 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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