Edward Dolman, CEO of Phillips, talks up their auctions on Bloomberg, the Chinese market and their emergence as a viable third choice in the auction market.
“This is why Phillips positioning is right. We essentially believe in an international Contemporary art marketplace and we believe most tastes converge at some point.”
—Edward Dolman, CEO Phillips Auction House
In the two and a half years since Edward Dolman took over the helm of Phillips auction house, he has been engaged in a remaking of the firm from an upstart auction house focusing on the fringes of the Contemporary art market to a serious alternative to Sotheby’s and Christie’s with a seat at the table when the biggest art deals are being made.
In this podcast, Dolman talks about how the expansion of the Contemporary art market has made Phillips’s strategy viable and profitable.
He talks about the new team he has spent the last two years hiring—with leading specialists who decamped from Christie’s and Sotheby’s—and how their arrival will position the auction house to expand into new collecting fields and penetrate other regions of the world.
He discusses the growing financialization of the art market and the role guarantees play in facilitating art transactions, especially public ones. Dolman shares his view of the watch, jewelry and collectible markets. Finally, shares his thoughts on the global auction calendar and how that is likely to change in the coming months and years.