UK CTA Combined Press Release Oct 2014

PHILLIPS INAUGURAL CONTEMPORARY ART AUCTIONS AT 30 BERKELEY SQUARE TOTAL £19.9 / $31.7 / €24.7 MILLION

EVENING SALE AUCTION RECORDS FOR TAUBA AUERBACH, KAWS AND DANH VŌ

FOR IMMEDIATE RELEASE

LONDON – 16 OCTOBER 2014 – The inaugural auctions at 30 Berkeley Square, Phillips European Headquarters, totalled £19,946,275 / $31,714,577 / €24,733,381 selling 77% by value and 72% by lot.

Phillips London October Contemporary Evening Auction totalled £14,862,500 / $23,631,375 / €18,578,125 selling 80% by lot and 77% by value.

The Contemporary Art Day Sale totalled £5,101,275 / $8,111,027 / €6,325,581 selling 74% by value and 70% by lot.

“At the starting line of an extensive fall season we are very pleased to have launched our European Headquarters with an Evening Auction which took place in a packed sale room and which saw many strong prices. Since the opening of our space at 30 Berkeley Square last week we have seen early signs of great promise ahead having welcomed an average of 1,000 visitors a day to our exhibitions and with almost a third of this evening’s bidders being fresh to Phillips.” Michael McGinnis, President, Phillips.

“With records for Tauba Auerbach, Danh Vō, and KAWS we have once again started the week of Frieze auctions with real energy. The animated bidding in the room that saw strong prices for Banksy, Anselm Kiefer and Alex Israel was a continuation of the momentum we have felt all week with the opening of our European Headquarters.” Peter Sumner, President, London.

“We are pleased to have achieved solid results for artists across the board in our Day Sale and to have experienced a continuous flow of new buyers into the marketplace. We saw fierce competition on every level from Mark Bradford and Julian Schanbel to Keith Haring and Tauba Auerbach.” Henry Highley, Head of Day Sale.

Evening Sale Top Ten Lots:
6 Christopher Wool Untitled, 1990 £2,098,500 / $3,336,615 / €2,623,125
4 Tauba Auerbach Untitled (Fold), 2010 £1,142,500 / $1,816,575 / €1,428,125
7 Jeff Koons Jim Beam - Observation Car, 1986 £962,500 / $1,530,375 / €1,203,125
21 Anselm Kiefer Für Paul Celan, 2004 £818,500 / $1,301,415 / €1,023,125
13 Martin Kippenberger Untitled (from the series Krieg Böse / War Wicked), 1991 £782,500 / $1,244,175 / €978,125
16 Banksy Submerged Phone Booth, 2006 £722,500 / $1,148,775 / €903,125
17 Keith Haring Untitled, 1988 £602,500 / $957,975 / €753,125
27 Damien Hirst 5-Fluorotryptamine, 2007 £578,500 / $919,815 / €723,125
20 Barry Flanagan Left Handed Drummer, 1997 £506,500 / $805,335 / €633,125
15 Anish Kapoor Untitled, 2000 £506,500 / $805,335 / €633,125

Evening Sale Auction Records:
4 Tauba Auerbach Untitled (Fold), 2010 £1,142,500 / $1,816,575 / €1,428,125
2 Danh Vo We The People (Detail), 2011 £206,500 / $328,335 / €258,125
47 KAWS Accomplice, 2010 £266,500 / $423,735 / €333,125

Day Sale Top Lots:
156 Andy Warhol Dollar Sign, 1981 £206,500 / $328,335 / €256,060
138 Mark Bradford Double Speak, 2008 £146,500 / $232,935 / €181,660
147 Julian Schnabel Untitled, 1990 £146,500 / $232,935 / €181,660
161 Manolo Valdés Anforas, 2007 £146,500 / $232,935 / €181,660
136 Tauba Auerbach Uppercase Insides, 2006 £122,500 / $194,775 / €151,900
151 Zhang Huan 3 AM, 2010 £122,500 / $194,775 / €151,900
157 Keith Haring Untitled, 1988 £116,500 / $185,235 / €144,460
163 Agostino Bonalumi Azzurro, 1997 £110,500 / $175,695 / €137,020
137 Tracey Emin I Felt You And I Know You Loved me, 2008 £98,500 / $156,615 / €122,140
141 Chris Ofili Pramnian Odyssey I, 2003 £98,500 / $156,615 / €122,140
251 Yayoi Kusama Pumpkin Chess Set, 2003 £98,500 / $156,615 / €122,140

PHILLIPS:
As the only international auction house to concentrate exclusively on contemporary culture, Phillips has established a commanding position in the sale of Contemporary Art, Design, Photographs, Editions and Jewelry. Through the passionate dedication of its team of global specialists, the company has garnered an unparalleled wealth of knowledge of emerging market trends. Founded in London in 1796, Phillips conducts auctions in New York and London and has representative offices throughout Europe and in the United States. For more information, please visit: phillips.com.

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