"Robert Manley, Phillips chairman and worldwide head of modern and contemporary art, told after the sale that he was "ecstatic about the result," adding that "when the only things you don't sell are a large piece of gold, which I wouldn't exactly call our specialty, and a painting that was just so massive that, frankly, very few people can handle it, it's only good news," he said, referring to Thunderbolt and Jadé Fadojumtimi's 118-by-197-inch untiled work, respectively."
"Bonhams will move its US HQ to 111 West 57th Street this February, creating a new flagship inside the restored Steinway Hall. Founded in 1793 and now operating globally across more than 60 categories, the company will occupy a 42,000-square-foot space, about 30 percent larger than its former Madison Avenue location. The headquarters features an 80-foot glass atrium and triple-height galleries designed for major exhibitions and sales. Steinway Hall, a Beaux-Arts landmark created by Warren & Wetmore for piano maker Steinway & Sons, had been closed to the public for a decade. Its limestone exterior, domed rotunda, mosaics, marble arches, and sculptural details have"
Phillips conducted a concise 33-lot modern and contemporary evening sale in New York that included an untitled Joan Mitchell (high estimate $15 million), a Francis Bacon diptych (high estimate $18 million), and a juvenile triceratops skeleton (high estimate $3.5 million). The sale netted $67.3 million with a 94 percent sell-through rate by lot; two lots failed to find buyers, including a large piece of gold and an exceptionally large painting. Christie's and Sotheby's recorded almost $1.4 billion in modern and contemporary sales earlier in the week. Bonhams will relocate its U.S. headquarters to 111 West 57th Street, occupying 42,000 square feet inside restored Steinway Hall, featuring an 80-foot glass atrium and triple-height galleries for major exhibitions and sales.
Read at ARTnews.com
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