A painting of three white panels hangs on a wall, showing two Black men
Jean-Michel Basquiat's Self-Portrait (1983), which failed to sell at Phillips. Photo courtesy Phillips.

Around cocktail hour on Tuesday, Phillips hosted its annual November modern and contemporary art evening sale in New York, which may have been more memorable for a brief cameo by the FDNY and an unsold Basquiat than for its sales. Regardless, the evening brought in a decent chunk of change for the auction house that perennially earns the bronze medal. Let’s take a look at the rough outline of the action, by the numbers.

Total Sales After Fees: $54.1 million 

Total Sales of Equivalent Sale Last Year: $69.9 million

Hammer Total: $44.2 million

Top Seller: Jackson Pollock, Untitled, circa 1948 which sold for $13 million. 

Lots on Offer: 33

Lots Withdrawn: 3

Lots Sold: 25

Lots Bought In: 5

Sell-through Rate: 75.6 percent

Sell-through Rate After Withdrawals: 83.3 percent

Presale Low Estimate: $60.1 million

Hammer Total vs. Presale Low Estimate: -$15.9 million

Lots Guaranteed: 11

Lots With House Guarantees: 0

Lots With Third-Party Guarantees: 11

Total Low Estimate of Withdrawn Lots: $2.9 million

Total Low Estimate of Third-Party Guaranteed Lots: $32.9 million

Lasting Memory: It was announced in the room that Jean-Michel Basquiat’s Self-Portrait (1983) had sold for a hammer price of $9.3 million, just under its low estimate of $10 million. But later in the night, an email was sent to press stating that the piece did not sell, after all, and had passed, presumably because it did not meet its reserve.