This report on the Phillips's Contemporary Day sale for July 2020 by Angelica Villa is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
Last week, before achieving several record results in its evening sales, Phillips hosted its 20th-century and contemporary art day sale, bringing in $10.2 million across 140 lots on offer, seeing an 84 percent sell-through rate overall.
Auctioned in a remote-bidding format during a live-streamed sale, the leading lot across the day sale’s morning and afternoon sessions was Julian Schnabel’s Lazarus, Second Painting for Aldo Moro from 1979, which went for $435,000, at more than four times the low estimate of $100,000. Damien Hirst’s 2010 Beautiful, Flaming Lips Day, Form of a Shell Painting sold at its low estimate for $399,000, and Mary Corse’s untiled painting from 2006 realized a selling price of $250,000 with buyer’s premium, landing within its estimate of $220,000 to $280,000.
Among the top ten sellers of the day sale auctions that far surpassed their pre-sale estimates was Ghanian-born figurative painter Amoako Boafo’s 2018 portrait After the nail color, which bested it’s low estimate of $50,000 by eight times, selling for a total of $225,000. Nicole Eisenman,’s figurative painting Hunnenschlacht from 2001 acquired by the seller from Leo Koenig also surpassed its low estimate of $120,000, achieving a price of $212,500.
Sign up to Art Market Monitor Premium today
You need a membership to AMMpro to view this article and other exclusive content daily.
You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)
If you already have an account, sign in here: