Press | Phillips

20 September 2016

Phillips New Now Auction Realizes $2.8 Million

Sale Results

NEW NOW

New York, 20 September 2016

Sale Total: $2,851,250/ £2,195,463/ €2,537,613

Lots Sold: 149 | Lots Offered: 202
Sold by Lot: 74% | Sold by Value: 84%

“We are pleased to kick off the busy fall auction season with a solid sale in an uncertain climate,” said Rebekah Bowling, Phillips’ Head of the New Now Auction in New York. “Yayoi Kusama’s Infinity Nets (TWWP) led the sale, realizing $225,000, more than double its estimate, and Michael Heizer’s Perforated Object 11 achieved $137,500 against its estimate of $50,000-70,000. We sold works by emerging, mid-career and established artists, and we were thrilled to set several auction records by artists such as Michael Heizer, Matt Connors, Margo Wolowiec, and John Knuth. Online bidding was also extremely active, with 25% of our lots selling to online bidders.”


TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

64

Yayoi Kusama, Infinity Nets (TWWP), 2006

$70,000 - 100,000

$225,000

£173,250/€200,250

30

Lawrence Weiner, Hard as a Rock or (Assuming the Position)…

$70,000 - 100,000

$175,000

£134,750/€155,750

38

Giuseppe Penone, Fingernail and Marble (Unghia e marmo), 1988

$150,000 - 250,000

$150,000

£115,500/€133,500

37

Michael Heizer, Perforated Object 11, 1990-1993

$50,000 - 70,000

$137,500

£105,875/€122,375

24

Matt Connors, Untitled, 2015

$30,000 - 40,000

$112,500

£86,625/€100,125

11

Korakrit Arunanondchai, Untitled, 2013

$40,000 - 60,000

$81,250

£62,563/€72,313

29

Richard Deacon, Coat, 1990

$20,000 - 30,000

$62,500

£48125/€55,625

26

Tim Hawkinson, Lens, 2002

$40,000 - 60,000

$50,000

£38,500/€44,500

61

James Rosenquist, Below the Equator, Above the Equator, 1975

$30,000 - 40,000

$47,500

£36,575/€42,275

88

Alexey Firsov, 30 field Lupino, 2014

$20,000 - 30,000

$47,500

£36,575/€42,275



NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

4

Laeh Glenn, Laeh Glenn Introduction, 2013

$3,000 - 5,000

$4,750

£3,658/€4,228

 

*previous record price: $4,374 set in 2015

6

Margo Wolowiec, Crumpled in the Backseat, 2014

$6,000 -  8,000

$20,000

£15,400/€17,800

 

*previous record price: $12,500 set in 2015

13

John Knuth, Stellar Dispersion, 2015

$15,000 - 20,000

$17,500

£13,475/€15,575

 

*previous record price: $10,205 set in 2015

24

Matt Connors, Untitled, 2015

$30,000 - 40,000

$112,500

£86,625/€100,125

 

*previous record price: $7,320 set in 2016

37

Michael Heizer, Perforated Object 11, 1990

$50,000 - 70,000

$137,500

£105,875/€122,375

 

*previous record price: $68,500 set in 2012

78

Emily Eveleth, Sojourn, 2001

$12,000 - 18,000

$16,250

£12,513/€14,463

 

*previous record price: $3,300 set in 2009

88

Vladimir Firsov, 30 field Lupino, 2014

$20,000 - 30,000

$47,500

£36,575/€42,275

 

*previous record price: $300 set in 2012

160

Erik Lindman, Untitled, 2013

$7,000 - 10,000

$27,500

£21,175/€24,475

 

*previous record price: $20,954 set in 2015

 



*Lots 76 and 197 were sold immediately after they were offered on the rostrum

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.

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

PRESS CONTACTS:
Michael Sherman, Chief Communications Officer | msherman@phillips.com | +1 212 940 1384
Jaime Israni, Public Relations Specialist   | jisrani@phillips.com | +1 212 940 1398


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