Press | Phillips

21 September 2018

Phillips’ Art for One Drop Auction Raises $8.8 Million for Safe Water Initiatives in Latin America

Phillips’ Art for One Drop Auction

Raises $8.8 Million for Safe Water Initiatives in Latin America

 

A Fundraising Record for the Organization

 

New Auction Records Set for 5 Artists

New York, 21 September 2018

Sale Total: $8,797,600/ £6,700,760/ €7,462,230

Lots Sold: 51| Lots Offered: 51

Sold by Lot: 100% | Sold by Value: 100%



“Guy Laliberté and his whole team at One Drop are true visionaries who have worked to create a difference in the lives of many, moving the dial on important issues that should concern us all,” said Jean-Paul Engelen, Phillips’ Worldwide Co-Head of 20th Century & Contemporary Art. “Phillips is honored to have been involved with One Drop and to have played a role in such a great sale. We are also grateful for the incredible generosity that we have seen from the artists and galleries who also helped to support the auction. Through all of our combined efforts, we were able  to offer truly extraordinary works of art by some of the most significant artists working today. Their participation speaks highly to the art community’s dedication to supporting causes that will bring awareness and change to regions throughout the world that need it most.” 

 

“We’re thrilled with the incredible success of Art for One Drop, and are so grateful to the buyers, bidders, artists, art dealers, galleries, advisors and Phillips Auction House for joining us to make change possible. We’d like to thank all buyers who purchased the incredible art that was donated to support One Drop’s mission. We owe the tremendous success of Art for One Drop to you,” said Guy Laliberté, Founder of Cirque du Soleil, One Drop Foundation and Lune Rouge. “Art for One Drop was our first art auction, representing a great expansion of our philanthropic circle, and further solidifies my belief that art can be a great catalyst for change.” 


TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

11

David Hammons, Untitled, 2017

$600,000-1,000,000

$880,000

£672,936/€749,408

20

Tracey Emin, I Listen To The Ocean And All I Hear Is You, 2018

$150,000-200,000

$495,000

£378,527/€421,542

10

Gabriel Orozco, Samurai Tree (Invariant 23Q), 2018

$350,000-550,000

$429,000

£328,056/€365,335

2

Nicolas Party, Sunset, 2018

$60,000-80,000

$330,000

£252,351/€281,028

6

Sterling Ruby, WIDW. HIGH-VIZ., 2018

$250,000-350,000

$330,000

£252,351/€281,028

9

Rashid Johnson, Untitled Escape Collage, 2018

$185,000-225,000

$319,000

£243,939/€271,660

5

Carol Bove, Young Lovers, 2018

$180,000-220,000

$308,000

£235,528/€262,293

18

Jenny Holzer, Selection from Survival: People look like..., 2015

$250,000-350,000

$275,000

£210,293/€234,190

34

Andreas Gursky, Bangkok IX, 2011

$250,000-350,000

$275,000

£210,293/€234,190

32

Catherine Opie, Surfer for One Drop, 2018

$80,000-120,000

$264,000

£201,881/€224,822

 

NEW AUCTION RECORDS

Lot

Description

Estimate

Price Achieved

2

Nicolas Party, Sunset, 2018

$60,000-80,000

$330,000

£252,351/€281,028

 

*previous record price: $16,365 set in 2018

7

Ed Clark, Untitled, 1990

$80,000-120,000

$198,000

£151,411/€168,617

 

*previous record price: $93,750 set in 2018

17

Anne Imhof, Untitled, 2018

$25,000-35,000

$66,000

£50,470/€56,206

 

*previous record price: $5,625 set in 2018

23

Nairy Baghramian, Dwindler_Tidal Air, 2018

$80,000-120,000

$176,000

£134,587/€149,882

 

*previous record price: $15,239 set in 2015

27

Rita Ackerman, Water Lilies in Chalk V, 2018

$50,000-80,000

$115,500

£88,323/€98,360

 

*previous record price: $66,945 set in 2007

 

 

The reported sale total includes an additional $35,000, which has been raised for One Drop in association with the auction.

A portion of the buyer’s premium will be used to cover administrative costs.