Phillips Modern & Contemporary Online Auction Totals $1.16m

A work by Aaron Garber-Maikovska was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, London' on June 23-July 7 in London.

• The sale totaled $1.16m (GBP869,900), meeting the pre-sale estimate.

Snapshot of the sale

• 138 works sold totaling $1.16m.
• Estimates totaled: $1.02m (low) and $1.53m (high), excluding premiums.
• The sell-through rate was 78% of the original 176 lots announced.

The star lot was: Aaron Garber-Maikovska, Little Pearl (2020), which sold for $51,600, 456% above its $9,274 low estimate. It has been traded once in the past.

The outperformer sold for 744% above its low estimate. Namio Harukawa, #298 (2020), sold for $11,200 ($1,325 low estimate). It has been traded once in the past.

• 52 works, or 38%, sold above their high estimate.
• 42 works, or 30%, sold within their low and high estimate.
• 44 works, or 32%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

38 works were bought-in, including: Sigalit Landau, Grand Madonna and Child (2011), estimated at $26,500 (low) to $39,700 (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Withdrawn before the sale

0 works were withdrawn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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.