Hockney's Dining Room Leads Phillips $1.17m 'David Hockney' Auction in London

A lithograph by David Hockney was the headline sale at Phillips "David Hockney" auction on September 18 in London.

Signed, dated, numbered 46/98 in pencil (there were also 18 artist's proofs) and published by Tyler Graphics, New York.

• The sale totaled $1.17m (GBP861,100), exceeding the pre-sale high estimate.

Snapshot of the sale

• 36 works sold totaling $1.17m.
• Estimates totaled: $545,600 (low) and $791,400 (high), excluding premiums.
• The sell-through rate was 95% of the original 38 lots announced.

The star lot was: David Hockney, Tyler Dining Room, from Moving Focus (1984), which sold for $123,200, 126% above its $54,400 low estimate.

The outperformer sold for 1581% above its low estimate. David Hockney, Little Stanley Sleeping (1987), sold for $22,900 ($1,361 low estimate).

• 33 works, or 92%, sold above their high estimate.
• 3 works, or 8%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

2 works were bought-in, including: David Hockney, Two Robes (2010), estimated at $68,000 (low) to $95,200 (high). It has not been traded before.

Withdrawn before the sale

0 works were withdrawn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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.