Realizes $88.5 Million
Day Sale on 14 November Achieved $25.5 Million,
The Highest Total for A Day Sale at Phillips,
Bringing Grand Total for the Week to $114 Million
New Artist Records Set for KAWS, Carmen Herrera, Amy Sillman, & Henri Laurens
EVENING SALE
New York, 15 November 2018
Sale Total: $88,536,500 / £69,448,031 / €78,248,559
Lots Sold: 31 | Lots Offered: 38
Sold by Lot: 82% | Sold by Value: 71%
NEW YORK – 15 NOVEMBER 2018 – Phillips’ November Evening Sale of 20th Century & Contemporary Art in New York realized $88,536,500 / £69,448,031 / €78,248,559, selling 82% by lot and 71% by value. Combined with the Day Sale, which achieved $25,532,625/ £20,027,799/ €22,565,734, the highest total in company history, the weekly total has been brought to $114,069,125/ £89,475,830/ €100,814,293.
A testament to Phillips’ increased commitment to the Modern Art market, Joan Miró’s Femme dans la nuit met with enthusiasm from the saleroom, selling for $22,590,000 after prolonged bidding. Painted in 1945, the work is an important example of Miró’s output created during the Second World War and is among the most significant from this series to remain in private hands. Other Modern works by Giorgio Morandi, Rembrandt Bugatti, Pierre Bonnard and Henri Laurens also performed well.
Jean-Paul Engelen and Robert Manley, Worldwide Co-Heads of 20th Century & Contemporary Art, said, “After we achieved a record Day Sale yesterday, we were pleased with our strong results for the Modern works in the sale and the number of records we set for works by KAWS, Henri Laurens, Amy Sillman, and Carmen Herrera. We were also delighted by the performance of Pull on Thru Tha Nite, Christina Quarles’ first work to be sold at auction, which achieved over seven times its low estimate. We look forward to our next series of auctions in Hong Kong later this month.”
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
4 |
Joan Miró, Femme dans la nuit, 1945 |
$12,000,000 - 18,000,000 |
$22,590,000 £17,719,596 /€19,965,042 |
|
13 |
Andy Warhol, Gun, 1981-1982 |
$7,000,000 - 10,000,000 |
$9,540,000 £7,483,176 /€8,431,452 |
|
15 |
Jean-Michel Basquiat, Untitled, 1982 |
$9,000,000 - 12,000,000 |
$9,000,000 £7,059,600 /€7,954,200 |
|
12 |
Jean-Michel Basquiat, Untitled, 1981 |
$4,000,000 - 6,000,000 |
$4,575,000 £3,588,630 / €4,043,385 |
|
22 |
Mark Rothko, Black Blue Painting, 1968 |
$2,500,000 - 3,500,000 |
$4,215,000 £3,306,246 /€3,725,217 |
|
14 |
Kerry James Marshall, Terra Incognita, 1991 |
$2,500,000 - 3,500,000 |
$2,775,000 £2,176,710 /€ 2,452,545 |
|
9 |
Bruce Nauman, Masturbating Man, 1985 |
$2,500,000 - 3,500,000 |
$2,757,500 £2,162,983 /€2,437,079 |
|
2 |
KAWS, UNTITLED (FATAL GROUP), 2004 World Auction Record for the Artist |
$700,000 - 900,000 |
$2,716,500 £2,130,823 /€2,400,843 |
|
34 |
Carmen Herrera, Blanco y Verde, 1966 World Auction Record for the Artist |
$1,000,000 - 1,500,000 |
$2,655,000 £2,082,582 / €2,346,489 |
|
7 |
Robert Motherwell, Open No. 153: In Scarlet with White Line, 1970 |
$2,000,000 - 3,000,000 |
$2,295,000 £1,800,198 /€2,028,321 |
NEW AUCTION RECORDS
|
Lot |
Description |
Estimate |
Price Achieved |
|
2 |
KAWS, UNTITLED (FATAL GROUP), 2004 |
$700,000 - 900,000 |
$2,716,500 £2,130,823 /€2,400,843 |
|
|
*previous record price: $1,349,757set in 2018 |
||
|
19 |
Amy Sillman, U, 2008 |
$300,000 - 400,000 |
$855,000 £670,662 / €755,649 |
|
|
*previous record price: $575,842 set in 2017 |
||
|
24 |
Henri Laurens, La Lune, 1946 |
$1,500,000 - 2,000,000 |
$2,175,000 £1,706,070 / €1,922,265 |
|
|
*previous record price: $1,874,500 set in 2008 |
||
|
34 |
Carmen Herrera, Blanco y Verde, 1966 |
$1,000,000 - 1,500,000 |
$2,655,000 £2,082,582 / €2,346,489 |
|
|
*previous record price: $1,179,000 set in 2017 |
||
DAY SALE
New York, 15 November 2018
Sale Total: $25,532,625/ £20,027,799/ €22,565,734
Sold by Lot: 82% | Sold by Value: 80%
John McCord and Rebekah Bowling, Co-Heads of Phillips’ Day Sale, said jointly, “After our record-breaking Day Sale in May, we were delighted to see the momentum continue into our Fall season, with the November auction breaking the record for a Day Sale at Phillips once again. Bidders from over fifty countries participated in the sale through our online platforms, on the phone, and in a packed saleroom, all vying for works of Modern, Post-War, Latin American, and Contemporary Art alike. Leading the auction was Tomoo Gokita’s Club Mature, which soared past its estimate and sold for $807,000, more-than-doubling the artist’s previous auction record. We were also pleased to see such strong enthusiasm for Diego Rivera’s Don Lupito, which sold for $591,000 against its low estimate of $350,000, for Mark Tobey’s Between Black and White, which realized $531,000, and for Hank Willis Thomas’ Zero Hour (from Wayfarer), which quintupled its estimate at $50,000, setting a new record for the artist. These results confirm a steadfast and robust middle market, which we are confident will continue into 2019.”
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
310 |
Tomoo Gokita, Club Mature, 2015 World Auction Record for the Artist |
$250,000 - 350,000 |
$807,000 £622,762/€714,114 |
|
192 |
Helen Frankenthaler, Red Shift, 1990 |
$600,000 - 800,000 |
$759,000 £585,720/€671,639 |
|
164 |
Diego Rivera, Don Lupito, 1936 |
$350,000 - 450,000 |
$591,000 £456,075/€522,976 |
|
173 |
Mark Tobey, Between Black and White, 1970 |
$180,000 - 250,000 |
$531,000 £409,773/€469,882 |
|
197 |
Willem De Kooning, Woman, 1952 |
$400,000 - 600,000 |
$495,000 £381,992/€438,026 |
|
344 |
David Salle, Nadar’s Grey, 1990 |
$350,000 - 450,000 |
$495,000 £381,992/€438,026 |
|
183 |
Alexander Calder, Four Dots with Brass Tail, circa 1953 |
$250,000 - 350,000 |
$483,000 £372,731/€427,406 |
|
228 |
Ed Ruscha, Porch, 1996 |
$400,000 - 600,000 |
$483,000 £372,731/€427,406 |
|
177 |
Wayne Thiebaud, Cosmetic Lady, 1983-86 |
$400,000 - 600,000 |
$471,000 £363,470/€416,788 |
|
184 |
David Smith, Spectre, 1953 |
$400,000 - 600,000 |
$471,000 £363,470/€416,788 |
NEW AUCTION RECORDS
|
Lot |
Description |
Estimate |
Price Achieved |
|
209 |
Friedel Dzubas, Untitled, 1965 |
$60,000 - 80,000 |
$325,000 £250,803/€287,593 |
|
|
*previous record price: $183,000 set in 2018 |
||
|
214 |
Sam Middleton, Jazz on Easter Sunday, 1961 |
$15,000 - 25,000 |
$17,500 £13,505/€15,486 |
|
|
*previous record price: $13,750 set in 2018 |
||
|
304 |
Ann Craven, Stepping Out With Cherries, 2011 |
$12,000 - 18,000 |
$36,250 £27,974 /€32,078 |
|
|
*previous record price: $27,500 set in 2012 |
||
|
307 |
Secundino Hernández, Untitled (SH.15.03), 2015 |
$80,000 - 120,000 |
$150,000 £115,755 /€132,735 |
|
|
*previous record price: $107,721 set in 2015 |
||
|
308 |
Derek Fordjour, No. 36, 2014 |
$5,000 - 7,000 |
$37,500 £28,939 /€33,184 |
|
|
*previous record price: $8,125 set in 2017 |
||
|
310 |
Tomoo Gokita, Club Mature, 2015 |
$250,000 - 350,000 |
$807,000 £622,762/€714,114 |
|
|
*previous record price: $349,271 set in 2018 |
||
|
350 |
Heimo Zobernig, Untitled, 2014 |
$40,000 - 60,000 |
$77,500 £59,807 /€68,580 |
|
|
*previous record price: $73,213 set in 2018 |
||
|
354 |
Celia Paul, Interior, Night, 2009 |
$20,000 - 30,000 |
$25,000 £19,293 /€22,123 |
|
|
*previous record price: $20,344 set in 1999 |
||
|
362 |
Hank Willis Thomas, Zero Hour (from Wayfarer), 2012 |
$10,000 - 15,000 |
$50,000 £38,585 /€44,245 |
|
|
*previous record price: $22,500 set in 2018 |
||
*Lots 101, 102, 136, 188, and 419 were sold immediately following the auction and included in the sale results.