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Phillips Frieze Evening = £12.9m

October 17, 2013 by Marion Maneker

Thomas Schutte, Sechs Geiste (Schwartz) (350-450k GBP) 626k GBP
Komar and Melmaid, Girl in Front of a Mirror (200-300k GBP) 554,500 GBP
Tauba Auerbach, Untitled (250-350k GBP) 500k GBP
Keith Haring, Untitled (150-250k GBP) 362,500 GBP
Oscar Murillo, Untitled (40-60k GBP) 218,500 GBP
Farhad Moshiri, Natural (150-200k GBP) 218,500 GBP
Warhol, Flower (100-150k GBP) 194,500 GBP
Jacob Kassay, Untitled (70-90k GBP) 158,500 GBP
Rashid Johnson, Sun Goddess (60-80k GBP) 122,500 GBP

Judd Tully offers his perspective on the sale on Artinfo.com. Identifying Joseph Nahmad and Vito Schnabel as next generation market makers active and visible at the sales (as well as stalwarts like Jose Mugrabi,) Tully tracks some of the returns from the last peak in the market to today:

  •  David Hockney’s “The Twenty First Very New Painting” (1992) attracted three telephone bidders, selling for £338,500 ($541,329). It last sold at Christie’s New York in November 2007, arguably at the height of that art boom time, for $433,000 — you could call this a decent, if hardly bullish, return.
  • Alexander Calder’s “The Lion (maquette)” (1976), an unpainted sheet-metal stabile, which sold for £206,500 ($330,235) (est. £180-220,000). It last sold at Christie’s New York in May 2007 for a toppy $480,000.
  • Keith Haring’s energetic “Untitled,” a Sumi ink-on-paper composition of four figures balanced on one another in circus trickster style with another figure in pursuit, […] sold to the telephone for £362,500 ($579,710), and which had last been sold at Sotheby’s New York in November 2007 for $430,000. Jose Mugrabi was the underbidder.

Mugrabi flashing out in the Haring market? Definitely worth watching.

Richter and Wool Lead Phillips London’s Snappy $21M Season Opener (Artinfo.com)

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  • The Mother of All Bradfords at Phillips in London + Another at Christie’sThe Mother of All Bradfords at Phillips in London + Another at Christie’s
  • Phillips London Evening = £14.66m ($17.9m)Phillips London Evening = £14.66m ($17.9m)
  • Phillips London Cont Day Sale HighlightsPhillips London Cont Day Sale Highlights
  • Younger Names at Phillips Draw Attention During Strong Sales for Quality ContemporaryYounger Names at Phillips Draw Attention During Strong Sales for Quality Contemporary
  • Phillips London Evening Sale =£10.4mPhillips London Evening Sale =£10.4m

Filed Under: Auction Results Tagged With: Contemporary art, London, Phillips

About Marion Maneker

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