24 September 2019

Phillips’ New Now Auction Realizes $8 Million,

The Highest Total for a New Now Sale in Company History

 

Auction Records Set for Genieve Figgis, Derek Fordjour, John Waters,

John F Simon Jr, Liam Everett, & Jan Pleitner

 

New York, 24 September 2019

Sale Total: $8,050,438 / £6,448,400 / €7,321,067

Lots Sold: 179 | Lots Offered: 221

Sold by Lot: 81% | Sold by Value: 85%


Sam Mansour, Head of New Now, New York, said: “Today’s record-setting total for a New Now auction at Phillips confirms the market’s continued strength across all price points as we kick off the fall auction season in New York. Bidders in the room, on the phone, and online were eager to acquire rare-to-market works, particularly examples by blue-chip artists from the late 20th century. Frank Stella’s Narowla II soared to $680,000 against a low estimate of $250,000, while Louise Nevelson’s Frozen Laces-Two realized $237,500.  We have always prided Phillips’ New Now sales on their ability to place emerging artists alongside those with time-tested careers and collectors’ confidence and support of this is evidenced by the six new auction records for artists who are newer to the secondary market, including Derek Fordjour and Genieve Figgis. We are confident that this enthusiasm will continue throughout the season and we look forward to our London sales next week.”

 

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

54

Frank Stella, Narowla II,  1971

$250,000 - 350,000

$680,000

£544,680/€618,392

55

Sam Francis, E VIII,  1971

$350,000 - 450,000

$350,000

£280,350/€318,290

40

Giuseppe Penone, Pelle di Marmo e Spine d'Acacia - Lucrezia,  2003

$150,000 - 200,000

$275,000

£220,275/€250,085

71

Ed Ruscha, High-Speed Gardening,  1989

$180,000 - 250,000

$250,000

£200,250/€227,350

42

Louise Nevelson, Frozen Laces-Two,  1976-1980

$100,000 - 150,000

$237,500

£190,238/€215,983

68

KAWS, UNTITLED (SM7),  2000

$60,000 - 80,000

$225,000

£180,225/€204,615

186

Richard Hambleton, Untitled,  1983

$60,000 - 80,000

$225,000

£180,225/€204,615

69

KAWS, UNTITLED,  2012

$60,000 - 80,000

$187,500

£150,188/€170,513

33

Sterling Ruby, BC (3852),  2012

$70,000 - 100,000

$175,000

£140,175/€159,145

61

Nicolas Party, Portrait,  2014

$40,000 - 60,000

$175,000

£140,175/€159,145

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

4

Genieve Figgis, The pursuit (after Fragonard), 2018

$10,000 - 15,000

$62,500

£50,063/€56,838

 

*previous record price: $20,000 set in 2018

62

Derek Fordjour, Agency and Regulation (study), 2016

$40,000 - 60,000

$137,500

£110,138/€125,043

 

*previous record price: $37,500 set in 2018

113

John Waters, Campaign Button, 2004

$15,000 - 20,000

$27,500

£22,027/€25,009

 

*previous record price: $25,000 set in 2009

200

John F Simon Jr, Moment of Discovery, 2013

$4,000 - 6,000

$20,000

£16,020/€18,188

 

*previous record price: $13,200 set in 2006

207

Liam Everett, Untitled (Ngwah), 2015

$7,000 - 10,000

$32,500

£26,033/€29,556

 

*previous record price: $11,875 set in 2018

220

Jan Pleitner, Entrance of the Hall, 2014

$3,000 - 5,000

$9,375

£7,509/€8,526

 

*previous record price: $6,456 set in 2018

 

*Lots 35,38 were sold immediately following the auction and included in the sale results.

 

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.

 

  PRESS CONTACT:    Jaime Israni, Senior Public Relations Manager               jisrani@phillips.com                   +1 212 940 1398