Phillips London New Now = £2.49m

The search for undervalued historical masters isn’t the only trend in the Contemporary art market as Phillips London New Now sale this week made nearly £2.5m and showed a strong appetite for emerging artists:

Simon Tovey, Head of the New Now Sale in London, said: “Shara Hughes attracted widespread interest from nine phone bidders, as well as interest in the room and online. We saw worldwide participation from across 48 countries, and a 71% increase in online buying year-on-year, as well as new auction records achieved for nine artists including Sung Hee Cho, Ida Ekblad and Krištof Kintera.”