Sarah Lucas Leads Phillips $618,800 'Hoarder VI: The Migration' Auction

A work by Sarah Lucas was the headline sale at Phillips 'Hoarder VI: The Migration' auction on July 17.

• The sale totaled $618,800, falling short of its pre-sale low estimate.

Snapshot of the sale

• 59 works sold totaling $618,800.
• Estimates totaled: $721,500 (low) and $1.06m (high), excluding premiums.
• The sell-through rate was 98% of the original 60 lots announced.

The star lot was: Sarah Lucas, The Last Crusade I (1993), which sold for $114,300, 14% above its $100,000 low estimate. It has been traded once in the past.

The outperformer sold for 2757% above its low estimate. Eric Doeringer, Untitled (2023), sold for $11,400 ($400 low estimate). It has not been traded before.

• 22 works, or 37%, sold above their high estimate.
• 20 works, or 34%, sold within their low and high estimate.
• 17 works, or 29%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

1 work was bought-in: Damien Hirst, Sexy Love (2007), estimated at $180,000 (low) to $250,000 (high). It has been traded once 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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