Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Phillips de Pury's Monumental Murakami

October 3, 2008 by Marion Maneker

PdP has a 23-ft. Tall Murakami Sculpture to Lead Their Frieze Sale

Takashi Murakami’s Tongari-kun (2003-2004), estimated at between £3.5-£4.5 million, is the star of Phillips de Pury’s Frieze sale that will take place on Saturday night, October 18th. The sale has strong works by Keith Haring, Donald Judd, Anselm Keifer and many others. Our particular favorite is the Joan Mitchell La Grande Vallée (1983). Mitchell’s works have hit a $5 million plateau and this is estimated right there at £2-£3 million.

Josh Baer reports that the Murakami is being sold without a guarantee, an increasingly common occurrence for the top lots. Why? Baer doesn’t give an answer but it may be because consignors are willing to take on more risk in exchange for a greater upside participation. Sotheby’s recent earnings have suggested that the house’s increasing restraint when using auction guarantees had cut into profits. For consignors that would mean selling without a guarantee represents a greater gain.

(We’ll have links to the catalogue once PdP gets it online.)

More from Art Market Monitor

  • Phillips de Pury Cont Day = £4.123m ($6.39m)Phillips de Pury Cont Day = £4.123m ($6.39m)
  • Phillips de Pury London Cont Eve = £23.376m
  • Phillips de Pury London Cont = £5.7mPhillips de Pury London Cont = £5.7m
  • The Market Goes Deep in LondonThe Market Goes Deep in London
  • Phillips de Pury London Contemporary Evening =£8.25mPhillips de Pury London Contemporary Evening =£8.25m
  • Don't Worry About Phillips SaleDon't Worry About Phillips Sale

Filed Under: Uncategorized Tagged With: Contemporary, London, Phillips de Pury

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...