Phillips Editions & Works on Paper: Online Auction Totals $262,200

A work by Joel Mesler was the headline sale at Phillips 'Editions & Works on Paper: Online Auction' on April 21-29 in New York.

• The sale totaled $262,200, meeting the pre-sale estimate.

Snapshot of the sale

• 66 works sold totaling $262,200.
• Estimates totaled: $179,500 (low) and $274,000 (high), excluding premiums.
• The sell-through rate was 87% of the original 76 lots announced.

The star lot was: Joel Mesler, Sunset (2023), which sold for $31,000, 158% above its $12,000 low estimate.

The outperformer sold for 1254% above its low estimate. Walasse Ting, Endlessly (1985), sold for $5,418 ($400 low estimate).

• 23 works, or 35%, sold above their high estimate.
• 23 works, or 35%, sold within their low and high estimate.
• 20 works, or 30%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

10 works were bought-in, including: Jonas Wood, Untitled (2010), estimated at $6,000 (low) to $8,000 (high).

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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