Two lots were withdrawn before Phillips’s evening sale of modern and contemporary art, but all 41 remaining lots sold. The sale generated $115.2 million with fees, close to the $121.7 million top estimate, and included third-party guarantees for 21 works. Before fees, the total reached $91.7 million, exceeding the low estimate of $84.3 million and rising 119% versus the same sale the prior year. A 1961 Jean Dubuffet work on paper had its estimate lowered shortly before the sale. Bidding was active through phone and online channels. A P.S. Krøyer self-portrait sold for $1 million, setting a new artist record, and Joseph Yaeger’s watercolor sold for $477,300 against a much lower estimate.
"Two works were withdrawn just before the sale-a Richard Prince and an Albert Oehlen -but all 41 of the remaining lots found buyers, and the house pulled in $115.2 million with fees, near the $121.7 million top estimate for the sale. (About half of the works, 21 in all, had third-party guarantees.)"
"Before fees, the total was $91.7 million, safely above a low estimate of $84.3 million and up 119 percent from the same sale last year. (That total estimate was adjusted at the 11th hour when the estimate on a 1961 Jean Dubuffet work on paper was lowered, presumably to entice bidders.)"
"A bevy of bids greeted the dashing young auctioneer Henry Highley, after he introduced the first lot, American Pakistani painter Salman Toor's breakthrough-era piece Two Friends (2020). A bidder from California won it for $335,400 against an estimate of $180,000 to $250,000. (Sales prices include fees, unless noted; estimates do not.)"
"The crowd clapped loudly after a 1902 self-portrait by the then-51-year-old Danish painter P.S. Krøyer hammered for $1 million ($1.29 million with fees), a new record for the artist. Per the Artnet Price Database, Krøyer's previous top mark was set for Marie i haven (1895), when it sold for $1.1 million at Christie's London back in 2000."
Read at Artnet News
Unable to calculate read time
Collection
[
|
...
]