Press | Phillips

26 September 2018

Phillips New Now Auction Achieves $6.4 Million

Phillips’ New Now Auction Achieves $6.4 Million

 

Works by KAWS Soared Above Estimate

 

 9 New Auction Records Set, Including for 3 Cuban Artists

 

New York, 26 September 2018

Sale Total: $6,371,250 / £4,842,150 / €5,431,491

Lots Sold: 204 | Lots Offered: 276

Sold by Lot: 75% | Sold by Value: 83%


Sam Mansour, Phillips’ Head of New Now, New York, said,  “The middle market remains a vibrant area for collectors across the globe, with bidders from over forty countries vying for works by emerging and established artists alike. Yayoi Kusama’s Butterfly led the sale, more-than-doubling its low estimate, and works by KAWS received tremendous enthusiasm from collectors, who were eager to acquire his works of all media. An untitled work on canvas sold for $200,000 against a low estimate of $100,000 and his Companions achieved prices as high as $150,000 against an estimate of $25,000, setting a new auction record for an example from the four-foot Companions series.  We were also quite pleased to see such a strong showing for Latin American works, as we set three new auction records for Cuban artists. Additionally, Beauford Delaney’s Untitled, which realized $150,000, was the second-highest price at auction for the artist and a record for one of his abstract works. With the fall sale season in full swing, we look forward to next week’s Evening and Day Sales of 20th Century & Contemporary Art in London.”

 

TOP TEN LOTS


Lot

Description

Estimate

Price Achieved

38

Yayoi Kusama, Butterfly, 1982

$180,000 - 250,000

$375,000

£285,000/€319,688

32

KAWS, Untitled, 2014

$100,000 - 150,000

$200,000

£152,000/€170,500

60

Cindy Sherman, Untitled #201, 1989

$150,000 - 200,000

$187,500

£142,500/€159,844

43

Lisa Yuskavage, Bridesmaid, 2004

$80,000 - 120,000

$175,000

£133,000/€149,188

61

John Baldessari, Figure (With Money) and Knife Thrower (With Blue Blindfold), 1990

$150,000 - 200,000

$162,500

£123,500/€138,531

28

KAWS, Four Foot Companion (Brown), 2007

$25,000 - 35,000

$150,000

£114,000/€127,875

65

Beauford Delaney, Untitled, 1965

World Auction Record for an Abstract Work by the Artist

Second Highest Price Achieved at Auction for the Artist

$20,000 - 30,000

$150,000

£114,000/€127,875

33

Oscar Murillo, Untitled, 2011

$100,000 - 150,000

$125,000

£95,000/€106,563

30

KAWS, Four Foot Dissected Companion (Black), 2009

$25,000 - 35,000

$118,750

£90,250/€101,234

31

KAWS, Four Foot Dissected Companion (Brown), 2009

$25,000 - 35,000

$112,500

£85,500/€95,906




NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

2

Emily Mae Smith, Hand to Mouth, 2017

$10,000 - 15,000

$32,500

£24,700/€27,706

 

*previous record price: $11,250 set in 2018

11

Yoan Capote, Palangre (muro de mar II), 2016

$30,000 - 40,000

$43,750

£33,250/€37,297

 

*previous record price: $42,500 set in 2018

65

Beauford Delaney, Untitled, 1965

World Auction Record for an Abstract Work by the Artist

Second Highest Price Achieved at Auction for the Artist

$20,000 - 30,000

$150,000

£114,000/€127,875

98

Belkis Ayón, Untitled (Sikan with white Tips), 1993

$3,000 - 5,000

$47,500

£36,100/€40,494

 

*previous record price: $22,500 set in  2018

100

Raúl MartÍnez, El abanderado (The Standard-Bearer), 1970

$3,000 - 5,000

$5,625

£4,275/€4,795

 

*previous record price: $3,956 set in 2006

117

Beverly Pepper, Ligne Scolpite II, 1968

$25,000 - 35,000

$93,750

£71,250/€79,922

 

*previous record price: $72,000 set in 2005

120

Vera Röhm, Quadrat (Square), 1987

$8,000 - 12,000

$8,750

£6,650/€7,495

 

*previous record price: $2,601 set in 2009

198

Matt Saunders, Doorway #4, 2011

$6,000 - 8,000

$6,875

£5,225/€5,861

 

*previous record price: $6,000 set in 2011

231

Sayre Gomez, Untitled, 2013

$3,000 - 4,000

$9,375

£7,125/€7,992

 

*previous record price: $3,143 set in 2016

 

*Lots 7 and 245 were sold immediately following the auction.