Phillips Modern & Contemporary Online Auction Totals $1.69m

A work by Richard Prince was the headline sale at Phillips 'Modern & Contemporary Art: Online Auction, New York' on June 16-30 in New York.

• The sale totaled $1.69m, meeting the pre-sale estimate.

Snapshot of the sale

• 156 works sold totaling $1.69m.
• Estimates totaled: $1.52m (low) and $2.2m (high), excluding premiums.
• The sell-through rate was 76% of the original 206 lots announced.

The star lot was: Richard Prince, Untitled (Tell Me Everything...) (1987), which sold for $51,600, 158% above its $20,000 low estimate. It has been traded once in the past.

The outperformer sold for 4415% above its low estimate. Ralph Albert Blakelock, Untitled (Landscape, Sunset) (Undated), sold for $45,100 ($1,000 low estimate). It has been traded twice in the past.

• 71 works, or 46%, sold above their high estimate.
• 52 works, or 33%, sold within their low and high estimate.
• 33 works, or 21%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

50 works were bought-in, including: Shirazeh Houshiary, Skin (2001), estimated at $20,000 (low) to $30,000 (high). It has been traded twice 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Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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