Posts tagged as:

Paddles On

Paddles ON! Auction Exceeds Estimates in Developing Digital Market

by Paddy Johnson on July 3, 2014
Thumbnail image for Paddles ON! Auction Exceeds Estimates in Developing Digital Market

How successful was tonight’s Paddles ON! sale of digital art in London? On its face pretty good. Phillips sale totaled £83,500 ($113,636.83), exceeding their high estimate for the sale at £67,150 ($91,392.43). Dig a little deeper, though, and the results of the auction as a whole, which included 22 lots, suggest a still developing market: Five lots went unsold and four sold for under their estimates. Two unremarkable abstract panels that sold for as much as five times their estimate boosted the evenings sale numbers. Michael Staniak’s IMG_885, a monochrome painting made of casting compound and acrylic on board, brought in the most; it sold for £25,000, £20,250 over its £4,750 estimate. Trailing Staniak came Michael Manning’s Chinese Broccolini Torta, a pastel digital print on canvas which sold for £15,000, £10,000 over its £5,000 estimate.

Read the full article →

Interest on the Rise for Paddles ON! Digital Auction

by Paddy Johnson and Whitney Kimball on June 26, 2014
Thumbnail image for Interest on the Rise for Paddles ON! Digital Auction

Looks like Paddles ON! London, is on its way to replicating the strides made during last year’s much-discussed net-art auction, the first at a major auction house. Last fall, the auction held in New York at Phillips totalled $90,600 on the sale of 16 pieces out of 20 lots. People widely lauded the auction as a success—a GIF sold for $1,300 and the excitement from the live auction crowd was palpable—but financially, the case for Paddles ON! achievements aren’t clear cut. Nine of the works sold for less than their estimated bids, and four of those were bought in by the auction house.

Read the full article →

Digital Art’s First Auction

by Paddy Johnson on October 23, 2013
Thumbnail image for Digital Art’s First Auction

This week at The L Magazine, I talk to Phillips auction attendees and market experts to try and gage the success of the first digital art auction, Paddles On. Based on what I heard, I’d guardedly call it a success.

Read the full article →