Phillips - Modern & Contemporary Art Day Sale, Afternoon Session

Executive Summary

The Phillips Modern & Contemporary Art Day Sale, Afternoon Session, presented a mixed performance. With a sell-through rate of 79.02%, the auction saw 113 out of 143 lots successfully sold. The total hammer price reached $7,103,500.00, which fell short of the total median estimate of $9,556,500.00, achieving only 74.33% of the expected value. The total auction value, including the buyer’s premium, was $9,021,445.00. Despite robust engagement, the average price per lot was $79,835.80, indicating cautious bidding and a conservative market sentiment.