Phillips Design Auction Totals $2.93m

A work by Harry Bertoia was the headline sale at Phillips 'Design' auction on June 12 in New York.

• The sale totaled $2.93m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 69 works sold totaling $2.93m.
• Estimates totaled: $1.58m (low) and $2.31m (high), excluding premiums.
• The sell-through rate was 91% of the original 76 lots announced.

The star lot was: Harry Bertoia, Untitled (Sonambient) (1975), which sold for $251,600, 151% above its $100,000 low estimate. It has been traded once in the past.

The outperformer sold for 1835% above its low estimate. Jacques Grange, Pair of "Bilboquet" table lamps (2022), sold for $38,700 ($2,000 low estimate). It has not been traded before.

• 49 works, or 71%, sold above their high estimate.
• 16 works, or 23%, sold within their low and high estimate.
• 4 works, or 6%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

7 works were bought-in, including: Paul Evans, "Wavy Front" cabinet (1973), estimated at $100,000 (low) to $150,000 (high). It has been traded 3 times in the past.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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