07 March 2019




               

 


20th Century & Contemporary Art Evening Sale

Realises £36.4 Million


World Auction Records Set for Rose Wylie and Tschabalala Self

 

London, 7 March 2019

Sale Total: £36,383,500 / $47,698,769 / €42,525,035


Lots Sold: 25 | Lots Offered: 28

Sold by Lot: 89% | Sold by Value: 97%

 

Jean-Paul Engelen and Robert Manley, Worldwide Co-Heads of 20th Century & Contemporary Art, said, “We are extremely pleased with tonight’s result, which was just shy of the high estimate with an 89% sell-through rate by lot and 97% by value. In fact, 80% of the lots sold above or within estimate. We had a very strong showing among female artists with new auction records for Rose Wylie’s Queen of Sheba with Lump and Tschabalala Self’s Lilith, which tripled its low estimate. Cecily Brown’s Armed and Fearless also nearly tripled its low estimate. Despite some uncertainty heading into this week’s sales because of Brexit, we were pleased to see a high degree of confidence among collectors for contemporary art. We can safely say the art market passed its first test of the year, and we look forward to tomorrow’s Day Sale and the remaining spring auctions in New York and Hong Kong.”

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

13

Gerhard Richter, Düsenjäger, 1963

£10,000,000 - 15,000,000

£15,532,500

$20,363,108 /€18,154,386

10

Roy Lichtenstein, Girl in Mirror, 1964

£4,500,000 - 6,500,000

£4,800,000

$6,292,800 /€5,610,240

14

Martin Kippenberger, Ohne Titel (Meine Lügen sind ehrliche), 1992

£3,500,000 - 4,500,000

£3,815,000

$5,000,000 /€4,458,972

8

Jean-Michel Basquiat, Untitled (Velveeta), circa 1984

£1,200,000 - 1,500,000

£1,887,000

$2,473,857 /€2,205,526

20

Cecily Brown, Armed and Fearless, 2014

£600,000 - 800,000

£1,755,000

$2,300,805 /€2,051,244

22

Giorgio Morandi, Natura morta, circa 1952

£600,000 - 800,000

£975,000

$1,278,225 /€1,139,580

26

Christopher Wool, Untitled, 2009

£600,000 - 800,000

£945,000

$1,238,895 /€1,104,516

4

KAWS, Moving The Mirror, 2010

£700,000 - 1,000,000

£805,000

$1,055,355 /€940,884

9

Jean-Michel Basquiat, Untitled, 1983

£500,000 - 700,000

£681,250

$893,119 /€796,245

11

Peter Doig, Slushy Landscape (with figures), 1995

£600,000 - 800,000

£699,000

$916,389 /€816,991


NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

1

Tschabalala Self, Lilith, 2015

£40,000 - 60,000

£125,000

$163,875 /€146,100

 

 

2

Rose Wylie, Queen of Sheba with Gold Lump, 2012

£80,000 - £120,000

£175,000

$229,425 /€204,540

 

*previous record price: $106,250 set in 2019


ABOUT PHILLIPS

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of 20th Century and Contemporary Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world.  In addition to providing selling and buying opportunities through auction, Phillips brokers private sales and offers assistance with appraisals, valuations, and other financial services.

Visit www.phillips.com for further information.

 

*Estimates do not include buyer’s premium. Prices Achieved include the buyer's premium and are reported net of applicable fees. 

 Phillips is not responsible for typographical errors or omissions.


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