08 May 2016

Phillips' Evening Sale of 20th Century and Contemporary Art Realizes $46,576,000

20TH CENTURY & CONTEMPORARY ART

New York, 8 May 2016

Sale Total: $46,576,000 / £32,137,440/ €40,986,880

Lots Sold: 34 | Lots Offered: 37
Sold by Lot: 92% | Sold by Value: 91%

“We’re delighted with the results from our 20th Century & Contemporary Art auction,” said Jean-Paul Engelen, Worldwide Head of Contemporary Art. “We had very active bidding for a number of lots and achieved strong results for Brice Marden, Mark Bradford, Jean Dubuffet and Leon Kossoff. We also saw new world records for Takeo Yamaguchi and Günther Förg. The contemporary market remains vibrant, and our international team did a great job assembling a thoughtful, curated collection across multiple categories and price points.”

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

17

Brice Marden, Star (For Patti Smith), 1972-1974

$5,000,000 - 7,000,000

$5,989,000

£4,132,410/€5,270,320

25

Jeff Koons, Naked , 1988

$5,000,000 - 7,000,000

$5,765,000

£3,977,850/€5,073,200

7

Mark Bradford, Building “The Big White Whale”, 2012

$3,000,000 - 5,000,000

$3,525,000

£2,432,250/€3,102,000

5

Jean Dubuffet, Barbe des rites, 1959

$1,500,000-2,500,000

$3,077,000

£2,123,130/€2,707,760

8

Mark Bradford, Mixed Signals, 2009

$1,000,000 - 1,500,000

$2,965,000

£2,045,850/€2,609,200

26

Rudolf Stingel, Untitled, 1989

$1,500,000-2,500,000

$2,965,000

£2,045,850/€2,609,200

19

Marlene Dumas, Night Nurse, 1999-2000

$2,000,000-3,000,000

$2,517,000

£1,736,730/€2,214,960

24

Yayoi Kusama, INFINITY-NETS (QRTWE), 2007

$2,000,000-3,000,000

$2,045,000

£1,411,050/€1,799,600

6

Louise Bourgeois, Untitled (The Wedges), 1950/1991

$1,200,000 - 1,800,000

$1,925,000

£1,328,250/€1,694,000

16

On Kawara, Four Decades (OCT.13, 1970 / MAY 7, 1980 / NOV.22, ... 1970, 1980, 1990, 2000

$1,500,000-2,500,000

$1,565,000

£1,079,850/€1,377,200

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

14

Günther Förg, Untitled, 1994

$800,000 - 1,200,000

$815,000

£562,350/€717,200

 

*previous record price: $785,979 set in 2015

34

Takeo Yamaguchi, Work, 1953

$ 350,000 - 550,000

$509,000

£351,210/€447,920

 

*previous record price: $443,188 set in 2011

  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.

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

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