PHILLIPS de PURY & COMPANY ANNOUNCES SOLID RESULTS FROM THE NEW YORK CONTEMPORARY ART EVENING AUCTION TOTALING $79,904,500
WORLD RECORD SET FOR EXCEPTIONAL WORK-ON-PAPER BY BASQUIAT
WORLD RECORDS ALSO ACHIEVED FOR TAUBA AUERBACH, RASHID JOHNSON, STERLING RUBY, AND DAN COLEN
98% OF WORKS SOLD BY VALUE
FOR IMMEDIATE RELEASE
New York – November 15, 2012 – In a week of billion dollar art sales, Phillips de Pury & Company’s Contemporary Art Evening Auction totaled $79,904,500 selling 83% by lot and 98% by value.
An outstanding selection of masterworks by Richter, Warhol, Basquiat and Calder energized a full salesroom and realized superb results.
Jean-Michel Basquiat’s Self-Portrait, 1982, a stunning work-on-paper, sold for $4,058,500 and achieved the world record for a Basquiat work-on-paper. Paintings by Tauba Auerbach, Rashid Johnson and Sterling Ruby achieved record prices, along with Dan Colen’s chewing gum on canvas piece, S & M, 2010.
“We are pleased with the results of this evening’s sale and proud of our growth within in this robust market. We continue to provide a stellar platform for the sale of blue chip and emerging artists and look forward to ending the season with much success.” Michael McGinnis, Chief Executive Officer and Worldwide Head of Contemporary Art
Top Ten Lots:
12 ANDY WARHOL, Mao, 1973, $13,522,500
18 ANDY WARHOL, Nine Jackies, 1964, $12,402,500
8 GERHARD RICHTER, Kegel (Cone), 1985, $12,402,500
10 JEAN-MICHEL BASQUIAT, Humidity, 1982, $10,162,500
7 JEAN-MICHEL BASQUIAT, Self-Portrait, 1982, $4,058,500
13 ALEXANDER CALDER, The Whiffletree, circa 1936, $4,002,500
28 JEAN-MICHEL BASQUIAT, Radium 23, 1982-1983, $3,666,500
20 ALEXANDER CALDER, Model for Rosenhof, 1953, $3,218,500
16 CADY NOLAND, Clip on Method, 1989, $1,762,500
19 JOAN MITCHELL, The Lake, 1981, $1,762,500
Artist Records:
7 JEAN-MICHEL BASQUIAT, Self-Portrait, 1982, $4,058,500
1 TAUBA AUERBACH, Untitled (Fold), 2010, $290,500
2 RASHID JOHNSON, Fly, 2011, $182,500
3 STERLING RUBY, SP 17, 2008, $626,500
6 DAN COLEN, S & M, 2010, $578,500
PHILLIPS de PURY & COMPANY:
As the only international auction house to concentrate exclusively on contemporary culture, Phillips de Pury & Company has established a commanding position in the sale of Contemporary Art, Design, Photographs, Editions and Jewelry. Through the passionate dedication of its team of global specialists, Phillips de Pury & Company has garnered an unparalleled wealth of knowledge of emerging market trends. Phillips de Pury & Company conducts auctions in New York and London and has representative offices throughout Europe in Belgium, France, Germany, Italy, Portugal, Russia, Switzerland and Turkey and in the United States in Los Angeles and Chicago. For more information, please visit: phillipsdepury.com.
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Contacts:
NEW YORK
Tiana Webb Evans
Communications Director, New York
twebbevans@phillipsdepury.com
+ 1 212 940 1207
LONDON
Fiona McGovern
Communications and Marketing
fmcgovern@phillipsdepury.com
+ 44 20 7318 4010