Phillips Exposure: Photographs Online Auction Totals $444,500

A work by Malick Sidibe was the headline sale at Phillips 'Exposure: Photographs Online Auction' on October 2-13 in New York.

• The sale totaled $444,500, falling short of its pre-sale low estimate.

Snapshot of the sale

• 64 works sold totaling $444,500.
• Estimates totaled: $464,200 (low) and $666,800 (high), excluding premiums.
• The sell-through rate was 67% of the original 95 lots announced.

The star lot was: Malick Sidibe, Nuit de Noël (Happy-club), 1963 (2011), which sold for $23,200, 93% above its $12,000 low estimate. It has been traded once in the past.

The outperformer sold for 416% above its low estimate. Martin Parr, Betty's hairdresser's, Salford, Greater Manchester from Point of Sale, 1985 (2019), sold for $10,300 ($2,000 low estimate).

• 29 works, or 45%, sold above their high estimate.
• 30 works, or 47%, sold within their low and high estimate.
• 5 works, or 8%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

31 works were bought-in, including: Vik Muniz, Oscar Wilde, after Napoleon Sarony from Rebus (2009), estimated at $15,000 (low) to $20,000 (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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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