Lobus Market Intelligence

Lobus
2 min readNov 16, 2022

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Phillips

Phillips 20th Century & Contemporary Art Evening Sale on November 15th in New York totaled $138,977,600 with fees.


Key highlights of the sale included the Twombly, the Grotjahn and the Basquiat. Sale Snapshot

Pre-sale Estimate: Pre-sale Estimate: $114,800,000 — $159,540,000
Hammer: Hammer: $115,710,000
Hammer & Buyer’s Premium Total (As Published by House): $138,977,600

Lots Offered: 46
Lots Sold: 43
Lots Bought In: 1
Lots Withdrawn: 2

Sell through rate: 99.18% by Value
Sell through rate: 97.73% by Lot

Top Prices

Low Estimate / Hammer
8 Twombly $35,000,000 / $36,000,000 (3P)
16 Grotjahn $8,000,000 / $8,200,000
24 Basquiat $7,000,000 / $6,500,000 (3P)
17 Chagall $6,000,000 / $6,100,000 (3P)
15 Bradford $4,000,000 / $4,000,000 (3P)

Artworks Created In The Last Ten Years

Low Estimate / Hammer
1 Savdie $50,000 / $140,000
2 Lundy $80,000 / $150,000
3 Quin $70,000 / $130,000
4 Singer $1,500,000 / $1,400,000
5 Johnson $1,000,000 / $1,400,000 (3P)
7 Mehretu $4,000,000 / $3,600,000 (3P)
10 Sherald $1,800,000 / $1,700,000 (G)
11 Hollowell $1,000,000 / $1,100,000 (3P)
14 Weyant $200,000 / $310,000
16 Grotjahn $8,000,000 / $8,200,000
19 Berrío $500,000 / $1,300,000
21 Kusama $800,000 / $1,600,000 (3P)
27 Bull $100,000 / $380,000
30 Boafo $400,000 / $320,000
31 Johnson $500,000 / $450,000
45 Herrera $500,000 / $450,000

Financial Deals

Sold At or Below the Low (13)
Low Estimate / Hammer
6 Picasso $2,500,000 / $2,000,000 (3P)
7 Mehretu $4,000,000 / $3,600,000 (3P)
9 Magritte $4,000,000 / $3,500,000 (3P)
10 Sherald $1,800,000 / $1,700,000 (G)
12 Wesselmann $3,000,000 / $2,650,000 (3P)
15 Bradford $4,000,000 / $4,000,000 (3P)
22 Calder $1,500,000 / $1,200,000 (3P)
24 Basquiat $7,000,000 / $6,500,000 (3P)
29 Avery $1,800,000 / $1,800,000 (3P)
33 Warhol $2,000,000 / $2,000,000 (3P)
34 Calder $3,500,000 / $3,300,000 (3P)
36 de Kooning $2,500,000 / $2,500,000 (3P)
37 Picasso $1,200,000 / $1,200,000 (3P)

Sold Above the Low (6)
Low Estimate / Hammer
5 Johnson $1,000,000 / $1,400,000 (3P)
8 Twombly $35,000,000 / $36,000,000 (3P)
11 Hollowell $1,000,000 / $1,100,000 (3P)
17 Chagall $6,000,000 / $6,100,000 (3P)
21 Kusama $800,000 / $1,600,000 (3P)
42 Motherwell $900,000 / $1,900,000 (3P)

Unsold (1)
23 Sherald Low: $1,000,000 Bought In: $950,000

Withdrawn (2)
25 Klein
35 Wood

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