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Phillips' Pablo Picasso: Paper & Clay and Evening & Day Editions Auctions Achieve a Combined Total of £3.8 Million
London, 6 & 7 June 2024
Pablo Picasso: Paper & Clay Sale Total: £442,468 / $565,120 / €520,033
Evening & Day Editions Sale Total: £3,446,336 / $4,401,660 / €4,050,479
Combined Total for The Week: £3,888,804 / $4,966,780 / €4,570,512
Phillips’ Evening & Day Editions Auction Realises £3.4 Million and Sets Four Auction Records
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Lots Sold: 281 | Lots Offered: 323
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Sold by Lot: 87% | Sold by Value: 94%
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Rebecca Tooby-Desmond, Specialist, Head of Sale, and Auctioneer, said, “We are delighted with the enthusiasm for Phillips’ Editions auctions this week, culminating in a combined sale total of £3.8 million. The international collecting community vied for works across our varied curation in all mediums, celebrating the diversity of the category and reaffirming the strong appetite for exceptional Modern and Contemporary editions. Keith Haring’s Dog sculpture realised £355,600, alongside strong results for screenprints by Andy Warhol and Roy Lichtenstein, highlighting the continued appreciation for editions from the Pop art movement. From Pop to Op, Bridget Riley’s early monochrome Untitled (Oval Image) soared to over three times its presale estimate, achieving £82,550 and setting a world auction record. We also saw an exceptional result and record for Richard Serra’s monumental etching, Finally Finished III which made its auction debut and sold for over double the high estimate at £69,850. The Editions momentum continues as we eagerly anticipate our inaugural Editions, Photographs, and Design auction in Hong Kong on June 14, followed by our Editions & Works on Paper auction in New York on June 27.”
Top Ten Lots
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Lot
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Description
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Estimate
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Price Achieved
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119
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Keith Haring, Dog, 1986
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£200,000 – 300,000
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£355,600
$454,172/€417,937
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123
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Andy Warhol, Queen Elizabeth II of the United Kingdom, from Reigning Queens (F. & S. 334), 1985
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£120,000 – 180,000
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£165,100
$210,866/€194,042
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165
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Damien Hirst, The Virtues (H9), 2021
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£60,000 - 80,000
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£101,600
$129,764/€119,410
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116
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After Jean-Michel Basquiat, Cabeza, from Portfolio II, 1982/2004
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£50,000 – 70,000
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£88,900
$113,543/€104,484
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155
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David Hockney, Lithographic Water Made of Lines (T.G. 253, M.C.A.T. 210), 1978
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£60,000 - 80,000
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£82,550
$105,433/ €97,021
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102
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Bridget Riley, Untitled (Oval Image) (S. 3, T. & G. 4), 1964
World Auction Record for the Edition
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£25,000 – 35,000
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£82,550
$105,433/ €97,021
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120
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Andy Warhol, $ (Quadrant) (see F. & S. 283), 1982
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£60,000 – 80,000
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£82,550
$105,433/€97,021
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134
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Andy Warhol, Turtle (F. & S. 360A),1985
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£40,000 – 60,000
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£69,850
$89,212/€82,095
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101
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Richard Serra, Finally Finished III (G. 3563), 2018
World Auction Record for the Series
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£20,000 – 30,000
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£69,850
$89,212/€82,095
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124
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Andy Warhol, Goethe (see F. & S. 270-273), 1982
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£40,000 – 60,000
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£63,500
$81,102/€74,632
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New Auction Records
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Lot
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Description
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Estimate
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Price Achieved
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101
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Richard Serra, Finally Finished III (G. 3563), 2018
World Auction Record for the Series
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£20,000 – 30,000
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£69,850
$89,212/€82,095
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*previous record price: 48,640 USD set in 2023
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102
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Bridget Riley, Untitled (Oval Image) (S. 3, T. & G. 4), 1964
World Auction Record for the Edition
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£25,000 – 35,000
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£82,550
$105,433/ €97,021
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*previous record price: 5,000 GBP set in 2004
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174
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Julian Opie, Turn Ups, from Old Street Walkers, 2022
World Auction Record for the Edition
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£8,000 - 10,000
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£16,510
$21,087/€19,404
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*previous record price: 15,000 set in 2023
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330
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Damien Hirst, Controlled Substances Key Spot, 2011
World Auction Record for the Edition
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£2,000 - 3,000
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£8,890
$11,354/€10,448
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*previous record price: 7,560 GBP set in 2022
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*Lots 118, 253, and 303 were sold after the lots closed, whilst the sale was ongoing and are therefore included in the total sale result.
Phillips’ Second Annual Dedicated Pablo Picasso: Paper & Clay Auction Sets Three Auction Records and Achieves £442,468
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Lots Sold: 41 | Lots Offered: 44
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Sold by Lot: 93% | Sold by Value: 98%
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Robert Kennan, Head of Editions, Europe, said, “We are thrilled with the success of our second annual dedicated Pablo Picasso auction which achieved impressive sell-through rates of 98% by value and 93% by lot, as well as three world auction records. These results are testament to Picasso’s extraordinary artistic legacy and enduring international appeal. The auction showcased a wide range of Picasso’s work, from early works on paper dating back to 1905-06, to ceramics from the 1950s, and etchings from the 1970s. Among the highlights, Femme du barbu took a prominent lead, achieving double its presale estimate. Additionally, we were particularly thrilled with the result of £38,100 realised for Vase au décor pastel, which soared to over four times its presale estimate. This sale not only celebrates Picasso’s expansive body of work but also underscores our deep commitment to Modern and Post-War edition collecting. We are delighted that this dedicated Picasso sale has established a permanent place in our Editions auction calendar.”
Top Ten Lots
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Lot
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Description
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Estimate
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Price Achieved
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16
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Pablo Picasso, Femme du barbu (Bearded Man's Wife) (A.R. 193), 1953
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£20,000 – 30,000
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£40,640
$51,905/€47,764
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19
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Pablo Picasso, Vase au décor pastel (Vase with Pastel Decoration) (A.R. 190), 1953
World Auction Record for the Edition
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£8,000 – 12,000
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£38,100
$48,661/€44,779
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14
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Pablo Picasso, Tête de chèvre en profil (Goat's Head in Profile) (A.R. 151), 1952
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£10,000 – 15,000
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£25,400
$32,441/€29,853
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17
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Pablo Picasso, Visage de femme (Woman's Face) (A.R. 220), 1953
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£18,000 – 22,000
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£22,860
$29,197/€26,867
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21
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Pablo Picasso, Chouette femme (Wood-Owl Woman) (A.R. 119), 1951
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£6,000 – 8,000
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£22,860
$29,197/€26,867
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7
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After Pablo Picasso, Portraits imaginaire (Imaginary Portraits): five plates, 1969
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£4,000 – 6,000
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£20,320
$25,953/€23,882
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25
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Pablo Picasso, Jeunesse (Youth) (Bl. 675, M. 188), 1950
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£12,000 – 18,000
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£19,050
$24,331/€22,389
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8
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After Pablo Picasso, Portraits imaginaire (Imaginary Portraits): four plates, 1969
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£4,000 – 6,000
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£17,780
$22,709/€20,897
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23
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Pablo Picasso, Trois femmes nues près d'une fenêtre (Three Nude Women by a Window), plate 67 from La Suite Vollard (Bl. 176, Ba. 329), 1933
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£7,000 – 9,000
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£16,510
$21,087/€19,404
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9
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After Pablo Picasso, Portraits imaginaire (Imaginary Portraits): three plates, 1969
World Auction Record for a Group of
Three Editions from This Series
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£3,000 – 5,000
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£15,240
$19,465/€17,912
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New Auction Records
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Lot
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Description
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Estimate
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Price Achieved
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9
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After Pablo Picasso, Portraits imaginaire (Imaginary Portraits): three plates, 1969
World Auction Record for a Group of
Three Editions from This Series
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£3,000 – 5,000
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£15,240
$19,465/€17,912
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*previous record price: 13,970 GBP set in 2023
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19
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Pablo Picasso, Vase au décor pastel (Vase with Pastel Decoration) (A.R. 190), 1953
World Auction Record for the Edition
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£8,000 – 12,000
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£38,100
$48,661/€44,779
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*previous record price: 259,600 HKD set in 2013
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34
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Pablo Picasso, Deux femmes, une en raccourci et une repliée sur elle-même (Two Women, One Shortened and the Other Inward-looking), plate 141 from Série 156 (Bl. 1995, Ba. 2005), 1971
World Auction Record for the Edition
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£1,500 - 2,000
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£4,826
$6,164/€5,672
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*previous record price: 3,750 USD set in 2016
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