"After successful sales at Christie's and Sotheby's this week, Phillips Modern and Contemporary Evening Sale on Wednesday (20 November) yielded nearly $54.8m ($67.3m with fees). That's nearly 25% more than the same sale in November last year. Out of 33 lots, only two did not sell, for a sell-through rate of 94 percent by lot. Following auction houses like Sotheby's and Christie's but a first for Phillips, the fine art sale also included several natural history objects, with mixed results."
""There were very few surprises for me," Chicago-based art advisor Laura Lester told The Art Newspaper. " I think they did really well with the material that they did have. I think the fact that people were bidding on these things and they were selling for healthy numbers was really encouraging." Despite the absence of large estates-like the Lauder collection at Sotheby's the night before-the evening sale still generated several bidding wars, a new artist record (briefly),"
"Early in the evening, a juvenile Triceratops skeleton from the Late Cretaceous period (roughly 66 million years ago) hammered at $4.35m ($5.4m with fees) against a high estimate of $3.5m. Called Cera, the fossil went to a client on the phone with natural history consultant Christian Link after 14 bids between Link; Phillips' chairman of private sales Meity Heiden; director of private sales Alexander Weinstock; and Scott Nussbaum, the auction house's deputy chairman for the Americas and senior international specialist for Modern and contemporary Art."
Phillips' Modern and Contemporary Evening Sale on 20 November realized nearly $54.8m ($67.3m with fees), about 25% more than the same sale last November. Of 33 lots, two failed to sell, yielding a 94 percent sell-through by lot. The sale incorporated natural history objects for the first time at Phillips, producing mixed results but active bidding. Several works exceeded high estimates, generating bidding wars and a brief new artist record. Top lots included Francis Bacon's Study for Head of Isabel Rawsthorne and George Dyer (1967) and a Joan Mitchell work, while a juvenile Triceratops named Cera sold after 14 bids.
Read at The Art Newspaper - International art news and events
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