Prints Calendar

Research Notes: Phillips – Evening & Day Editions

Phillips · London · Jan 22, 2026

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Sale overview

Phillips – Evening & Day Editions

Phillips · London

Date: Jan 22 – Jan 24, 2026

Status: Researching

Quick notes

Live auction of prints and editioned works spanning January 22‑24, 2026. Features works by Pablo Picasso, Joan Miró, Louise Bourgeois, and other modern and contemporary artists. Time not specified (TBD). Original timezone: GMT (London). Listing URL: https://www.phillips.com/auction/ or similar (Evening & Day Editions).

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Research / Arbitrage Dossier Markdown-style headings and bullet points work well here.

## Acquisition Criteria

- [ ] Edition size ≤150 (or justified by strong market history)
- [ ] Clear arbitrage (geographic, cataloging error, weak photography, variant mispricing, etc.)

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## 1️⃣ Lot Extraction

- Auction: {{ event.title }} ({{ event.auction_house }} — {{ event.location }})
- Catalogue URL(s):
- Buyer’s premium schedule:

Lots of interest:
- Lot ___ – Artist, *Title*, year, medium, edition, size, signature, condition.
- Lot ___ – ...

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## 2️⃣ Value Calibration (Comps & Fair Market Range)

For each lot:

- Recent comps:
  - [Auction House, Date] — Price, details
  - ...
- FX assumptions:
- Fair value range:
  - LOW  : $
  - MID  : $
  - HIGH : $
- Notes vs. house estimate:

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## 3️⃣ Cost Modeling

Formula: All-in = Hammer × (1 + BP) + Tax + Shipping/Insurance/Handling

- Tax assumption:
- Shipping estimate:
- Storage / framing (if any):
- Unknowns / VERIFY:

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## 4️⃣ Arbitrage Analysis (Resale Optimization)

For each viable lot:

- Optimal venue:
- Alternates:
- Price band:
- Expected liquidity window:
- Rationale:

Score:
- Arbitrage Score (0–100):
- Value Realization (±% vs estimate):
- Liquidity Tier: A / B / C

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## 5️⃣ Watchlist

Lots to watch contingent on:
- Condition checks:
- Bidding patterns:
- Catalogue discrepancies:
- Timing:

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## 6️⃣ Execution Playbook

- Bidding strategy:
- Documentation prep:
- Post-acquisition routing:
- Conservation / framing:
- Consignment target(s) + fee assumptions:

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## Integrity Notes

- Data sources:
- Unknowns flagged:
- Risks / red flags:

Detailed research / arbitrage notes for this sale.

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