04 March 2020

Phillips’ New Now Auction Realizes $7.9 million,

A 52% Increase on the Previous Year

 

New Auction Records Set for Noah Davis, Yoan Capote, and Leonardo Drew,

In addition to a Work on Paper by Ed Clark

 

New York, 4 March 2019

Sale Total: $7,919,125 / $6,184,048 / €7,121,669

 

 

Lots Sold: 179 | Lots Offered: 195

Sold by Lot: 92% | Sold by Value: 97%

 

 

Sam Mansour, Phillips’ Head of New Now, New York, said, “Our New Now sales have always seen a great deal of international participation and the results of our March sale truly underscore the continued global appeal of the category. The auction saw the most online sale registrants in any 20th Century & Contemporary Art sale at Phillips, with bidders from 47 countries vying for works by established artists and auction newcomers alike. Jonathan Gardner was introduced to the secondary market to tremendous enthusiasm, with Daisy soaring to over six times its low estimate. New auction records were set for nine artists, including Noah Davis, Yoan Capote, and Leonardo Drew, as well as for a work on paper by Ed Clark, whose Untitled, 1986, sold for $180,000. Following our record-breaking sale in September, this auction saw the highest total for a Spring midseason auction of 20th Century & Contemporary Art at Phillips, with extraordinary sell-through rates. Collectors’ confidence in the middle market is stronger than ever and we look forward to continuing the momentum in the season ahead, as we open our new headquarters at 432 Park Avenue in May.”  

 

 

Top Ten Lots

Lot

Description

Estimate

Price Achieved

25

Ed Clark, Untitled (Acrylic #1) from the series Louisiana, 1978

$200,000 - 300,000

$462,500

£361,166/€415,926

30

Peter Halley, Nowhere, 1992

$250,000 - 350,000

$400,000

£312,360/€359,720

14

Noah Davis, In Search of Gallerius Maximumianus,  2009

Auction Record for the Artist

$60,000 - 80,000

$400,000

£312,360/€359,720

38

KAWS, UNTITLED (KIMPSONS), PACKAGE PAINTING SERIES, 2002

$100,000 - 150,000

$350,000

£273,315/€314,755

61

Richard Prince, Untitled (Original), 2008

$100,000 - 150,000

$300,000

£234,270/€269,790

45

Pat Steir, The Wave (after Courbet, as though painted by an Italian Baroque Painter), 1986

$120,000 - 180,000

$275,000

£214,748/€247,308

43

Nicolas Party, Untitled (Landscape), 2013

$60,000 - 80,000

$237,500

£185,464/€213,584

63

Paul McCarthy, Captain Dick Hat, 2003

$150,000 - 200,000

$187,500

£146,419/€168,619

26

Ed Clark, Untitled, 1986

Auction Record for a Work on Paper by the Artist

$40,000 - 60,000

$180,000

£140,562/€161,874

15

Jeff Sonhouse, Inauguration of the Solicitor, 2005

$15,000 - 20,000

$162,500

£126,896/€146,136

 

New Auction Records

Lot

Description

Estimate

Price Achieved

14

Noah Davis, In Search of Gallerius Maximumianus,  2009

$60,000 - 80,000

$400,000

£312,360/€359,720

 

*previous record price: $168,750 set in 2019

22

Sadie Benning, Black River, 2015

$15,000 - 20,000

$27,500

£21,475/€24,731

 

*previous record price: $22,500 set in 2019

26

Ed Clark, Untitled, 1986

Auction Record for a Work on Paper by the Artist

$40,000 - 60,000

$180,000

£140,562/€161,874

 

*previous record price: $100,000 set in 2019

69

Yoan Capote, Racional, 2006

$18,000 - 25,000

$68,750

£53,687/€61,827

 

*previous record price: $62,500 set in 2019

73

Moira Dryer, The Perpetual Painting, 1988

$7,000 - 10,000

$15,000

£11,714/€13,490

 

*previous record price: $13,750 set in 2017

82

Francisco Sobrino, Permutationelle M, 1967

$12,000 - 18,000

$47,500

£37,093/€42,717

 

*previous record price: $35,443 set in 2011

99

Robert Pruitt, Brother Going to Gleise, 2011

$8,000 - 12,000

$17,500

£13,666/€15,738

 

*previous record price: $16,250 set in 2019

100

John Bankston, Red Turtle, 2006

$6,000 - 8,000

$20,000

£15,618/€17,986

 

*previous record price: $8,125 set in 2019

133

Radcliffe Bailey, Untitled, 2001

$10,000 - 15,000

$30,000

£23,427/€26,979

 

*previous record price: $25,000 set in 2013

135

Leonardo Drew, Number 23, 1992

$40,000 - 60,000

$105,000

£81,995/€94,427

 

*previous record price: $60,000 set in 2018

 

*Lots 103, 148, 168 and 169 were sold immediately following the auction and included in the sale results.