This report on Phillips's 2020 New Now mid-season Contemporary sale is available to AMMpro subscribers. Subscriptions begin with a free month for the curious. Feel free to subscribe for the first month and cancel before you are billed.
Phillips New York edition of its Mid-season New Now sale of contemporary art saw staggering results with a 92% sell-through rate, achieving a total of $7.9 million. That's the the highest grossing Spring midseason yet auction at Phillips. That $7.9m figure is up substantially from the previous year’s comparable sale, which achieved $5.2 million. Although the previous year's sale had a smaller group of lots, 168 last year compared to this year’s 195, the increase in value was not a function of the rise in lots offered or sold. With only one work withdrawn before bidding began, the auction sustained high interest across a majority of its varied lots and a strong performance among key works.
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