Art Market Monitor

Global Coverage ~ Unique Analysis

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

Basquiat and Guarantees Bolster Phillips Sale

May 11, 2012 by Marion Maneker

Katya Kazakina had these observations on Bloomberg:

  • “Things that are desirable and iconic sell very well,” said Simone Battisti, who recently joined the Gladstone Gallery in New York and Brussels as associate director. “Others don’t.”
  • The seller of Claes Oldenburg’s humorous sculpture “Popsicle, Hamburger, Price” (1961-1962) wasn’t as lucky. The work sold for $458,500, a 27 percent decline from the seller’s purchase price of $632,000 at Christie’s in 2006.
The Master, Judd Tully, does his detailed duty on Artinfo:
  • there was plenty of wonga around for the Willem de Kooning’s handsome, 80-by-70-inch cover lot abstraction, “Untitled VI” (1975), which sold to a telephone bidder for $12,402,500 (est. $10-15 million). New York dealer Robert Mnuchin was the underbidder. The guaranteed de Kooning last sold at auction in May 2000 at Sotheby’s New York for $1,380,750.
  • “Mao” (1973), which sold to New York dealer Hugo Nathan of Simon Dickinson Gallery for $10,386,500 (est. $9-12 million). It last sold at auction in November 1991 at Sotheby’s New York for a hard-to-believe $165,000.
Carol Vogel chatted up Philippe Ségalot and observed this sale:
  • Twombly’s “Untitled (Bolsena),” a canvas of scrawled white lines painted in 1969, was bought by a lone bidder for $5.5 million, or $6.2 million with fees; its low estimate had been $6 million. Still, it was a big price considering that the last time it was on the market, at Sotheby’s in 2004, it sold for $2.9 million.

Basquiat, Schutz Boost $87 Million Phillips de Pury Sale (Bloomberg)

Phillips de Pury & Company Nets $86.9 Million, Crowned by a Record $16.3-Million Basquiat (Artinfo)

Basquiat Painting Brings $16.3m at Phillips Sale (New York Times)

More from Art Market Monitor

  • Phillips de Pury NY Cont Eve = $89.9mPhillips de Pury NY Cont Eve = $89.9m
  • Phillips de Pury 5/11 Evening Sale = $98mPhillips de Pury 5/11 Evening Sale = $98m
  • Phillips de Pury 5/11 Evening Sale = $98,825,500Phillips de Pury 5/11 Evening Sale = $98,825,500
  • Phillips FrozenPhillips Frozen
  • Results Are In!Results Are In!
  • Peyton PlacesPeyton Places

Filed Under: Auction Results Tagged With: Contemporary, New York, 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...