14 November 2019

Phillips’ 20th Century & Contemporary Art Evening Sale

Realizes $108 Million,

Marking a 22% Increase from the Previous Year

 

New York, 14 November 2019

 

Evening Sale Total: $108,143,000 / £83,962,225 / €98,096,515

 

Combined Total for the Week: $148,365,000 / £115,283,096 / €134,638,202

 

 Lots Sold: 40 | Lots Offered: 42           Sold by Lot: 95% | Sold by Value: 98%

 

 

 

Jean-Paul Engelen and Robert Manley, Phillips’ Worldwide Co-Heads of 20th Century & Contemporary Art, said, “At $108 million, our November Evening Sale marked a 22% increase from the previous year, in addition to the 58% increase in our Day Sale. As we find ourselves in a more reserved and discerning market, buyers are still eager to acquire truly remarkable works. Jean-Michel Basquiat’s The Ring realized $15 million and we were delighted to see such enthusiasm for Norman Rockwell’s Before the Shot, which sold for $4.7 million to a contemporary collector, a testament to our deliberate strategy of bringing together works from across different collecting categories. As more and more private collectors are entrusting their works to Phillips, we were able to assemble a sale that was fresh-to-market, with all but one work hailing from private collections. This strong Evening Sale result came on the heels of the highest Day Sale total in company history, a record we have broken for six consecutive seasons, underscoring the continued growth of Phillips.”

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

26

Jean Michel Basquiat, The Ring, 1981

$10,000,000 - 15,000,000

$15,035,000

£11,673,174 /€13,638,249

11

Philip Guston, Smoking II, 1973

$6,000,000 - 8,000,000

$7,657,500

£5,945,283 /€6,946,118

17

Andy Warhol, Late Four-Foot Flowers, 1967

$6,000,000 - 8,000,000

$7,430,500

£5,769,040 /€6,740,207

7

Pablo Picasso, Femme assise dans un fauteuil, 1948

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

$4,820,000

£3,742,248 /€4,372,222

8

Norman Rockwell, Before the Shot, 1958

$2,500,000 - 4,500,000

$4,700,000

£3,649,080 /€4,263,370

5

Joan Miró, Paysan catalan inquiet par le passage d'un vol d'oiseaux, 1952

$7,000,000 - 10,000,000

$4,580,000

£3,555,912 /€4,154,518

6

Alberto Giacometti, Portrait of G. David Thompson, 1957

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

$4,220,000

£3,276,408 /€3,827,962

25

Ed Ruscha, Start Over Please, 2015

$3,500,000 - 4,500,000

$4,220,000

£3,276,408 /€3,827,962

4

Yoshitomo Nara, Little Thinker, 2000

$3,500,000 - 4,500,000

$4,045,000

£3,140,538 /€3,669,220

35

Cy Twombly, Untitled, 1969

$2,500,000 - 3,500,000

$3,740,000

£2,903,736 /€3,392,554

 

NEW AUCTION RECORD

Lot

Description

Estimate

Price Achieved

30

Sean Scully, Red Bar, 2003-2004

$900,000 - 1,200,000

$1,760,000

£1,366,464 /€1,596,496

 

*previous record price: HKD13,375,000 set in 2019

 

 

Please click here for images of the Top Ten lots from the Evening Sale, along with saleroom photographs:

https://www.dropbox.com/sh/w7h1hdn22xqdtmu/AACW2j8L_9Y2sBoFGN79W1M9a?dl=0

 

 

Permission for the use of any image is granted by the holder of the intellectual property rights for timely reporting and auction review purposes only. The underlying intellectual property rights in any property depicted remain the property of the rights holder. Phillips does not make any representations with respect to or accept any responsibility for any third party uses.

Image courtesy of Phillips.

 

 

 

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 20th Century and Contemporary 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.  In addition to providing selling and buying opportunities through auction, Phillips brokers private sales and offers assistance with appraisals, valuations, and other financial services.

Visit www.phillips.com for further information.

 

*Estimates do not include buyer’s premium. Prices Achieved include the buyer's premium and are reported net of applicable fees. 

 Phillips is not responsible for typographical errors or omissions.

 

 

PRESS CONTACT: Jaime Israni, Senior Public Relations Manager               jisrani@phillips.com                   +1 212 940 1398