Andy Warhol Leads Phillips $1.3m '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 June 24 in New York.

• The sale totaled $1.32m, meeting the pre-sale estimate.

Snapshot of the sale

• 222 works sold totaling $1.32m.
• Estimates totaled: $986,300 (low) and $1.54m (high), excluding premiums.
• The sell-through rate was 93% of the original 238 lots announced.

The star lot was: Andy Warhol, *Bald Eagle, from Endangered Species * (1983), which sold for $215,900, 139% above its $90,000 low estimate.

The outperformer sold for 916% above its low estimate. David Wojnarowicz, Untitled (One Day This Kid...) (1991), sold for $10,200 ($1,000 low estimate).

• 107 works, or 48%, sold above their high estimate.
• 71 works, or 32%, sold within their low and high estimate.
• 44 works, or 20%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

16 works were bought-in, including: Ellsworth Kelly, *Gray Panel, from Painted Wall Sculptures * (1982), estimated at $150,000 (low) to $250,000 (high). It has been traded twice 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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