19 June 2020
Phillips’ Live Auctions Resume with the Design Sale
Realising £5.3 Million, 33% above the Pre-Sale High Estimate
New Auction Records Set for Edmund de Waal, Mario Gottardi, and
Gino Sarfatti/BBPR, Among Others
London, 19 June 2020
Sale Total: £5,323,750/ $6,592,932/ €5,884,873
Phillips Auctioneers Henry Highley and Rebecca Tooby-Desmond take the Design auction from the new purpose-built virtual saleroom in London.
Phillips’ live auctions resumed in London with a record-breaking Design sale on Friday 19 June. Originally scheduled to take place in March, the auction was held in Phillips’ new purpose-built saleroom at 30 Berkeley Square. The virtual auction room, with live streaming online to an international network of bidders, as well as a video wall connecting Phillips’ specialists from around the world, saw collectors from 38 countries placing bids in real time over the phone, online and via the Phillips App. The interest from clients during the preview and throughout the auctions was unprecedented, reflecting huge pent up demand and resulting in a sale total of £5,323,750, exceeding the pre-sale high estimate of £4 million.
Domenico Raimondo, Head of Design, Europe and Senior International Specialist, said, “Restarting our live auctions with a sale total of £5.3 million and sell-through rates of 98% by value and 95% by lot gives a strong and positive message to the market. During the sale, as works were soaring above their estimates, I felt uplifted for our clients who placed trust in us with their properties. We saw strong competition across all categories, with world auction records for Edmund de Waal, Mario Gottardi and Gino Sarfatti/BBPR among others. I am proud to be part of the team that curated this exceptional and varied sale and for making a full-scale preview and live auction possible. The rapid digital advancements that Phillips has made in recent weeks provided a seamless experience for clients, proving technology can bring people closer to great works of art and design. Live sales will continue to be a cornerstone of our business and we look forward to the coming weeks with great optimism and excitement.”
Top Ten Lots
New Auction Records
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.
*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.
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