Phillips Editions & Works on Paper: Modernism Realizes $624,102

In a sale that closed on 22 October 2026, Phillips presented its Editions & Works on Paper: Modernism auction, which realized a total of $624,102^[1]. The sale achieved an 82.5% sell-through^[1] rate, with 52 of 63 lots finding buyers. This performance reflects a steady demand for mid-century and modern works on paper, anchoring the lower-to-mid tier of the modern art market. Phillips published the official results page confirming these totals for the sale.

The auction brought together a selection of prints, multiples, and works on paper from prominent twentieth-century artists. The catalog featured notable examples of surrealist and modernist experimentation, including works by Salvador Dalí, Giorgio Morandi, and Winslow Homer. These works on paper represent key graphic achievements within each artist's broader oeuvre, offering collectors specialized entry points into established avant-garde movements.

Analyzing the transaction metrics reveals the underlying structure of the bidding. The sell-through of 82.5% is 0.4 percentage points^[1] above the Art category average of 82.1% across tracked houses^[1]. However, against the five-year Art median of 84.6% across 178 comparable sales^[1], the sale's 82.5% sell-through is 2.1 percentage points below^[1][1].

The sold-lot price profile shows a median sold lot of $5,934^[1], while the 90th-percentile sold lot reached $25,542^[1], and the average sold lot stood at $12,002^[1]. Value concentration was relatively moderate, with a Gini coefficient of 0.55^[1], meaning value was distributed across multiple mid-tier lots rather than heavily concentrated in a single work. Indeed, the priciest tenth of sold lots accounted for 44.4% of realized value^[1].