$21 Million Doig Leads Phillips’s $114 Million Night
Courtesy of Phillips.
Phillips posted solid numbers at Thursday night’s New York evening sale, led by
The sale totaled $114.8 million across a total of 39 works, roughly even with the same sale a year ago, which brought in $111.2 million over 34 lots. The sale notched a 91% sell-through rate by lot and 96% by value. One lot,
Phillips was the first house to follow Christie’s blockbuster, perhaps once-in-a-lifetime sale the prior evening, in which a
The Doig carried the highest estimate of the night, at $18 million to $22 million. The familiar subject matter for the artist—a house, a forest, snow—is rendered with a lighter touch, marking a key moment in the evolution of his style from earlier more thickly painted works. But bidding was tepid, with the work going for just above its low estimate at $18.5 million, or $21.1 million with buyer’s fees.
An untitled 2004
Carmen Herrera, the 102-year-old Cuban-American painter whose market has risen dramatically in recent years (alongside those of other older women artists), set a new auction record with her Untitled (Orange and Black) (1956), which went for $970,000, or $1.1 million with fees, straddling its high estimate of $1 million, and exceeding her previous record of $970,000 with fees set last year.
Hélio Oiticica’s P31 Parangolé, capa 24, Escrerbuto (1972) also set an auction record despite selling for below its low estimate of $600,000. It went for $500,000, or $615,000 with fees, still quite a jump from his previous record of $362,500 set in 2010.
Anna Louie Sussman is Artsy’s Art Market Editor.
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