Led by $10.8 M. Lichtenstein, Phillips Earns Solid $68 M. in Contemporary Art Sale

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Sold: $8.01 million | David Hammons, Untitled, 2000

After an uneven pair of Impressionist and modern sales last week in New York, at Christie’s and Sotheby’s, Phillips kicked off this week’s postwar and contemporary sales with an auction tonight at its East 57th Street headquarters that brought in $68 million, with 35 of 40 lots; a solid 88 percent of the artworks found buyers. That total, which includes buyer’s premiums of between 12 percent and 25 percent depending on the price of the lot, was just good enough to edge into the sale’s $65.1 million to $97.4 million estimate, which is calculated sans premium, but was a modest drop from Phillips’s $79.9 million haul at the same auction last November, when it was still known as Phillips de Pury & Company. Read More