Phillips Modern & Contemporary Art: Online Auction, London Totals $1.26m

A work by Genieve Figgis was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, London' on October 13-23 in London.

• The sale totaled $1.26m (GBP937,000), meeting the pre-sale estimate.

Snapshot of the sale

• 124 works sold totaling $1.26m.
• Estimates totaled: $1.24m (low) and $1.82m (high), excluding premiums.
• The sell-through rate was 75% of the original 165 lots announced.

The star lot was: Genieve Figgis, Men in a Boat (2019), which sold for $60,500, 276% above its $16,100 low estimate. It has been traded once in the past.

The outperformer sold for 998% above its low estimate. Ryan Hewett, Untitled (2024), sold for $14,700 ($1,338 low estimate). It has been traded once in the past.

• 36 works, or 29%, sold above their high estimate.
• 57 works, or 46%, sold within their low and high estimate.
• 31 works, or 25%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

40 works were bought-in, including: Sterling Ruby, BC (4186) (2013), estimated at $33,400 (low) to $46,800 (high). It has been traded 3 times in the past.

Withdrawn before the sale

1 work was withdrawn before the sale: Anthony Caro, Table Piece CCCLXXXII (1977), estimated at $16,100 (low) to $24,100 (high).

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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