NY sales Day #1: Strong results at Phillips with a $68 million sale. Warhol, Lichtenstein and Hammons shined at the Evening sale of November 11

phillips art market talks

The new strategy of anticipating the sales of the two major auction houses has paid off last night at Phillips. Long- considered decision to move the date of the auction on Monday from Thursday instead , usually closing the two largest Evening sales at Christie’s and Sotheby’s in New York, that will follow on 12 and 13 November.
Phillips last night totaled $68 million for its 39 lots in the catalog, of which only 5 have not found a buyer , reaching rates of 88% sold by lot and 84 % for value.
Top lot Roy Lichtenstein, with a vivid Woman with peanuts on a yellow background , sold at $10.8 million . Second place for the other Pop’s big name, Andy Warhol, with the iconic Nine Gold Marilyns ( Reversal Series) ($ 9.1 million to Jose Mugrabi) and David Hammons who broke his own record with Untitled, his famous basket sold to David Zwirner for $ 8 million. The New York dealer was able to take home another important highlight of the evening , Buster Keaton by Jeff Koons, at $ 4.4 million.
The auction opened with amazing results for the first lots in the catalog: Lucien Smith breaks its own record with a work of 2011 , Hobbes , The Rain Man , and My Friend Barney / Under the Sycamore Tree , which has more than doubled maximum estimate , reaching $ 389,000 . Record for the second lot , Nate Lowman , Trash Landing Marilyn # 12, 2011 , sold for $ 725,000 and the explosion of orange of Mark Grotjahn , who has well surpassed the high estimate . Other important record of the evening, Kazuo Shiraga and Jacob Kassay .
The smiling Amanda of John Currin has reached $ 3.5 million , exhibited in 2003 at  Sadie Coles HQ gallery in London, while the two big Cy Twombly and Mark Rothko have not found a buyer, thus lowering the result of the auction of at least $ 10 million.
In general, the results on the threshold of the maximum estimates for all lots in the catalog. Of note , as often happens , Oscar Murillo, from an estimate of $ 100-150,000 reached $ 293,000 with a work of 2011 ; Chinese Buffet of Rob Pruitt , which has doubled the estimate surpassing the threshold of $ 300 thousand . A very good result for Christopher Wool , Wade Guyton, but also for the more classic Calder , David Hockney , Joan Mitchell and Yayoi Kusama .
A highly optimistic start of the week , which raises the waiting for the results of the $500million auction at Christie’s tonight and Sotheby’s on Wednesday.

roy lichtenstein-womanwithpeanuts1962

Roy Lichtenstein

John Currin - Amanda

John Currin – Amanda

grotjahn art market talks

Mark Grotjahn

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