Phillips - Photographs & Helmut Newton: Provocateur
May 16th, 2024 - London
Executive Summary
The Phillips - Photographs & Helmut Newton: Provocateur auction highlighted a robust demand for high-quality photographic works, achieving a total auction value of £2.4 million, with a hammer price value of £1.9 million. Out of 170 lots, 137 were successfully sold, resulting in a sell-through rate of 80.6%. Despite a total median estimate of £2.2 million, the auction realized only 89.4% of its expected median value, indicating a gap between pre-auction expectations and actual results. The average price per lot was £17,848, reflecting a market preference for mid to high-value items, with the buyer's premium contributing significantly to the total auction value.