William Eggleston's Los Alamos Portfolio Leads Phillips $5.7m Auction 'Color Vision: Masterworks from Guy Stricherz and Irene Malli'

A work by William Eggleston was the headline sale at Phillips 'Color Vision: Masterworks by William Eggleston from Guy Stricherz and Irene Malli' auction on March 18 in New York.

• The sale totaled $5.67m, meeting the pre-sale estimate.

Snapshot of the sale

• 43 works sold totaling $5.67m.
• Estimates totaled: $3.81m (low) and $5.74m (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: William Eggleston, Los Alamos (2002), which sold for $1.88m, 6% below its $2m low estimate. It is the first time the portfolio of 101 prints has been offered at auction.

The outperformer sold for 820% above its low estimate. William Eggleston, Untitled (woman in orange) (1970), sold for $73,700 ($8,000 low estimate). It has not been traded before.

• 32 works, or 74%, sold above their high estimate.
• 8 works, or 19%, sold within their low and high estimate.
• 3 works, or 7%, 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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