Art Market Monitor

Global Coverage ~ Unique Analysis

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

Minor Blows Hole in the Newson Market

June 11, 2010 by Marion Maneker

The Master, Judd Tully, went to Phillips Design auction yesterday to see what fate might befall the Marc Newson works being sold to satisfy the debt of–as Tully so aptly describes him–“disgraced Internet entrepreneur Halsey Minor”:

Of the ten Newsons offered (among them two rare prototypes), six sold for a rather anemic $686,300, a poor showing for work by the superstar but safely within the $600,000-915,000 estimate Phillips had attached to the works. “Obviously, it was disappointing,” said Phillips de Pury design head Alexander Payne immediately after the sale, referring to two of the unsold Newsons, Event Horizon and a lot containing his Black Hole tables, which failed to find any bidders. “It was a little difficult to digest this quantity of Newson works.” […]

Only eight works cracked the six-figure mark, topped by the cover lot, Marc Newson’s 1987 Pod of Drawers (est. $300-500,000), which sold at the tail end of the session with barely a soul in the audience to an anonymous telephone bidder for $350,500. […]

The Newson last sold at auction at Christie’s New York in May 2007 for a then record of $1,048,000 to design dealers Sebastian Barquet, who subsequently sold the piece to Minor. The newly, drastically reduced price for the fiberglass-reinforced polyester resin core and blind-riveted sheet aluminum skin objet makes it the eleventh-most-expensive Newson sold at auction

Marc Newsons Falter at Lackluster Phillips Design Auction (ArtInfo.com)

More from Art Market Monitor

  • Minor RedemptionMinor Redemption
  • Halsey Minor Prefers Phillips de PuryHalsey Minor Prefers Phillips de Pury
  • PdP Latin Am = $3.2mPdP Latin Am = $3.2m
  • Phillips de Pury Cont Eve = $79.9mPhillips de Pury Cont Eve = $79.9m
  • 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

Filed Under: Design Tagged With: Halsey Minor, Newson, 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