Keith Haring Leads Phillips $1m 'Editions & Works on Paper' Auction in New York

A work by Keith Haring was the headline sale at Phillips 'Editions & Works on Paper' auction on February 12 in New York.

• The sale totaled $1.02m, meeting the pre-sale estimate.

Snapshot of the sale

• 171 works sold totaling $1.02m.
• Estimates totaled: $791,200 (low) and $1.19m (high), excluding premiums.
• The sell-through rate was 90% of the original 189 lots announced.

The star lot was: Keith Haring, Untitled, from Gran Pavese – The Flag Project (1988), which sold for $69,800, 16% above its $60,000 low estimate.

The outperformer sold for 725% above its low estimate. Danielle Mckinney, Dream Catcher (2023), sold for $8,255 ($1,000 low estimate).

• 68 works, or 40%, sold above their high estimate.
• 61 works, or 36%, sold within their low and high estimate.
• 42 works, or 25%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

18 works were bought-in, including: Brice Marden, Han Shan Exit (1992), estimated at $25,000 (low) to $35,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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