19 September 2017

Phillips’ First Auction of the Season Achieves $5 Million

The Collection of Masamichi Katayama Realizes $2.5 Million,
Selling 95% by Lot and 99% by Value

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New Now
&
The Collection of Masamichi Katayama: Life is hard… Let’s go shopping.

New York, 19 September 2017

Combined Sale Total: $5,010,188 / £3,710,044 / €4,182,505

Total Lots Sold: 230 | Total Lots Offered: 280
Combined Sold by Lot: 82% | Combined Sold by Value: 88%


Rebekah Bowling, Phillips’ Specialist and Head of New Now Sales, Americas, said “We are thrilled to kick off the fall season with such an enthusiastic response to works from the collection of Masamichi Katayama, founder of the acclaimed Japanese design firm Wonderwall.  The sale began with KAWS’ Four Foot Companion (Grey) soaring to $87,500, nearly six times its low estimate. Spirited bidding continued from across the globe with bidders from 38 countries participating in the sale, eager to acquire these works of contemporary art, design, and photography. The solid results from the afternoon session of New Now underscore the continued demand for works by emerging artists in addition to those with an established market. Across both sales, we saw strong demand for artists who were new to the secondary market, including Julia Chiang, Ramiro Gomez, and Firelei Baez. We look forward to the conclusion of the sale of Mr. Katayama’s collection next month, when his Adrian Ghenie painting is offered in the London Evening Sale of 20th Century & Contemporary Art on 6 October.”


The Collection of Masamichi Katayama: Life is hard… Let’s go shopping.  

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

16

On Kawara, Friday July 14, 2000 (Today series no. 26), 2000

$220,000-280,000

$399,000

£295,460/€333,085

15

Mark Grotjahn, Untitled (Black and Creamsicle), 2007

$150,000-200,000

$300,000

£222,150/€250,440

14

Tomoo Gokita, General Emotionality, 2008

World auction record for the artist

$40,000-60,000

$181,250

£134,216/€151,308

12

KAWS, Untitled (BB2), 2000

$80,000-120,000

$106,250

£78,678/€88,698

1

KAWS, Four Foot Companion (Grey), 2007

$15,000-20,000

$87,500

£64,794/€73,045

11

KAWS, Untitled, 2010

$60,000-80,000

$81,250

£60,166/€67,828

5

KAWS, Four Foot Companion (Black), 2007

$15,000-20,000

$81,250

£55,538/€62,610

8

KAWS, Untitled, 1999

$20,000-30,000

$68,750               

£50,909/€57,393

10

KAWS, Untitled, 1999

$20,000-30,000

$68,750               

£50,909/€57,393

7

KAWS, Untitled, 1999

$20,000-30,000

$68,750               

£50,909/€57,393

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

14

Tomoo Gokita, General Emotionality, 2008

$40,000-60,000

$181,250

£134,216/€151,308

 

*previous record price: $112,814 set in 2016

 

New Now

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

126

Nicole Eisenman, Foos Ball Trilogy: (i) Part I Sinking Ships; (ii) Part II Rescue; (iii) Part III Game Preparations, 1994

$200,000-300,000

$175,000

£129,588/€146,090

153

Jiro Takamatsu, Shadow No. 1459, 1997

$80,000-120,000

$100,000

£74,050/€83,480

157

Pat Steir, Blue, 1971

$15,000-20,000

$68,750

£50,909/€57,393

138

Kenny Scharf, Untitled, 1982

$40,000-60,000

$68,750

£50,909/€57,393

102

Shara Hughes, Chillax, 2011

$10,000-15,000

$56,250

£41,653/€46,958

101

Nicole Eisenman, Mountain Man, 2006

$12,000-18,000

$52,500

£38,876/€43,827

309

David Kim Whittaker, Pavilion Figure, 2014-2017

$20,000-30,000

$52,500

£38,876/€43,827

308

Mike Dargas, Walking on Sunshine, 2017

$12,000-18,000

$47,500

£35,174/€39,653

274

Dan Rees, Untitled, 2012

$20,000-30,000

$43,750

£32,397/€36,523

165

Robert Longo, Study of F16 Jet, 2016

$30,000-40,000

$40,000

£29,620/€33,392

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

123

Sarah Sze, Cyan Stone, 2013-2015

$30,000-50,000

$37,500

£27,769/€31,305

 

*previous record price: $11,040 set in 2014

187

John Ahearn, Victor and Ernest, 1982

$3,000-5,000

$21,250

£15,736/€17,740

 

*previous record price: $9,350 set in 1992

209

Raúl Cordero, A painting the same size as Lucian Freud’s "Benefits Supervisor Resting", 2012

$10,000-15,000

$25,000

£18,513/€20,870

 

*previous record price: $23,750 set in 2016

282

Daniel Arsham, Glacial Rock Television, 2014

$5,000-7,000

$8,125

£6,017/€6,783

 

*previous record price: $6,875 set in 2014

 

*Lots 215, 218, and 249 sold directly after the auction.

  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 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, and is committed to supporting contemporary arts and culture through a worldwide programme of Arts Partnerships.

Visit www.phillips.com for further information.

*Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.

PRESS CONTACT: Jaime Israni, Senior Public Relations Specialist | jisrani@phillips.com

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