Tag: Phillipss

Propelled by Multimillion-Dollar Sums for Buzzy Young Stars, Phillips’s New York Evening Sale Brings in $118 Million

Phillips’s evening sale of 20th century and contemporary art on Wednesday cemented the trend that has swept major auctions around the globe in recent months: frothy bidding for young—and especially young and figurative—painters, with more measured bidding for established blue-chip names. 

In all, the sale—held in the hybrid format that has now become de rigueur as a result of the pandemic—generated an above-estimate $118 million. That’s well over double its equivalent 2020 total and up nearly 20 percent from its May 2019 sale.

Notably, Phillips exceeded its presale high estimate of $113 million even after two lots were

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