Warhol's Double Mickey Leads Phillips $4.9m 'Editions & Works on Paper' Auction in New York

A work by Andy Warhol was the headline sale at Phillips 'Editions & Works on Paper' auction on April 16-17 in New York.

• The sale totaled $4.92m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 249 works sold totaling $4.92m.
• Estimates totaled: $3.13m (low) and $4.7m (high), excluding premiums.
• The sell-through rate was 97% of the original 258 lots announced.

The star lot was: Andy Warhol, *Double Mickey Mouse * (1981), which sold for $635,000, 27% above its $500,000 low estimate.

The outperformer sold for 1551% above its low estimate. Not Vital, Snowball (1998), sold for $16,500 ($1,000 low estimate).

• 145 works, or 58%, sold above their high estimate.
• 72 works, or 29%, sold within their low and high estimate.
• 32 works, or 13%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

9 works were bought-in, including: Andy Warhol, *Geronimo, from Cowboys and Indians * (1986), estimated at $50,000 (low) to $70,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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