Phillips Contemporary & 20th Century Art Sale Breaks Artist Records, Sells $ 134.6 Million

Amy Sherald, The Bathers, 2015, won an artist record of $ 4,265,000.
Phillips

Five New auction records for Kehinde Wiley, Mickalene Thomas, Amy Sherald, Jadé Fadojutimi and Vaughn Spann

New York, December 7, 2020
Evening Sale Total: $ 134,583,400 / £ 100,426,133 / € 110,977,472

Edward Dolman, CEO of Phillips, said: “Tonight marks an amazing achievement for Phillips, where we achieved the highest sales total for a New York auction in the history of the company. Tonight’s total sales mark an increase of almost 25% over the 20th century and contemporary sale of last fall and in the midst of a truly unprecedented year that saw a myriad of challenges for the market. art and auctions. At Phillips, we’ve long had a first digital strategy that has paid off: the live auction event as we knew it has been redesigned and transformed, the excitement and energy of the auction house to auctions being telegraphed worldwide from our custom designed studio in London, including live video feed from New York and auction feeds from around the world. This achievement follows another record-breaking auction in Hong Kong, and we have seen continued growth in this market. “

Jean-Paul Engelen and Robert Manley, global co-leaders of 20th century and contemporary art, jointly said: “We are delighted to end so strong an unprecedented year; nine months after the initial shutdown that left the live auction world in limbo, we’ve just had one of the strongest sales in Phillips history. This success is a testament to the strength of our team and the deep relationships we have with our collectors, forged over decades of bringing the best works to market with the creativity and drive for which Phillips is known. The sale was one of our most diverse and we were delighted to see five artists of color set world auction records tonight. “

David Hockney, Nichols Canyon, 1980, sold for $ 41,067,500. Credit: Thomas De Cruz Media: Haydon Perrior
Phillips

Out of the door, Amy Sherald’s Bathers more than multiplied previous auction records to a remarkable $ 4,265.00, nearly 30 times the presale estimate with almost 15 minutes of auction. Titus Kaphar Sail reached $ 365,400, five times its presale estimate, and Matthew Wong Before the night Falls hit $ 1,252,100, more than triple the presale estimate; demonstrating Phillips’ continued strength in emerging artist markets.

Hockney’s Nichols Canyon sold for a revolutionary amount of $ 41,067,500, setting a record for an artist’s landscape – this award caliber is usually reserved for his figurative works, but the rarity and truly exceptional nature of this landscape shattered that notion. Clyfford Still’s remarkable PH-407, which fetched $ 18,442,500, is a rare monumental work from his Maryland period, and it is one of only a few dozen works by the artist to remain in the hands of private. by Basquiat Portrait of A-One AKA King sold for $ 11,500,000, marking the first time this work has been released in 30 years. The painting is an exemplary work from the height of Basquiat’s career, painted in 1982 while he was producing important works of art. We set a world record for Kehinde Wiley’s Portrait of Mickalene Thomas, the Coyote, hitting $ 378,000, tripling the presale estimate while Mickalene Thomas I’ve been good to me reached $ 901,200, quadrupling the pre-sale estimate for the work.

Jadé Fadojutimi, Lotus Land, 2017, grossed an artist record of $ 378,000.
Phillips

The ten best prizes

David Hockney, Nichols Canyon, 1980

* World auction record for an Artist’s Landscape

Estimate on request

$ 41,067,500

Clyfford again, PH-407, 1964

Estimate on request

$ 18,442,500

Jean-Michel Basquiat, Portrait of A-One AKA King, 1982

is. $ 10,000,000 – 15,000,000

$ 11,500,000

Joan Mitchell, Untitled, 1953

is. $ 10,000,000 – 15,000,000

$ 11,297,500

Amy Sherald, The Bathers, 2015

* World auction record for the Artist

is. $ 150,000 – $ 200,000

$ 4,265,000

George Condo, Transparent female forms, 2009

is. $ 3,500,000 – 5,500,000

$ 4,265,000

Gerhard Richter, Abstraktes Bild (678-1), 1988

is. $ 3,000,000 – 5,000,000

$ 4,265,000

Helen Frankenthaler, Off White Square, 1973

is. $ 2,800,000 – 3,500,000

$ 3,720,500

Ruth Asawa, Untitled (S.045, Multilayer continuous form suspended from five lobes in one shape, with spheres in the first, second and third lobes), 1960s

is. $ 1,500,000 – 2,000,000

$ 3,539,000

Donald Judd, Untitled, performed in 1965 and remodeled in 1969

is. $ 3,000,000 – 4,000,000

$ 3,539,000

New auction records

Amy Sherald, Bathers, 2015

is. $ 150,000 – $ 200,000

$ 4,265,000

* previous record price: $ 350,000 established in 2019

Jadé Fadojutimi, Lotus Land, 2017

is. $ 40,000 – $ 60,000

$ 378,000

* previous record price: $ 52,260 established in 2020

Vaughn Spann, Large black rainbow (deep dive), 2019

is. $ 40,000 – $ 60,000

$ 239,400

* previous record price: $ 187,500 established in 2020

David Hockney, Nichols Canyon, 1980

* World auction record for an Artist’s Landscape

Estimate on request

$ 41,067,500

previous record price: $ 28,453,000 set in 2018

Kehinde Wiley, Portrait of Mickalene Thomas, the Coyote, 2017

is. $ 100,000 – $ 150,000

$ 378,000

* previous record price: $ 350,000 established in 2020

Mickalène Thomas, I’ve been good to me 2013

is. $ 200,000 – $ 300,000

$ 901,200

* previous record price: $ 567,000 established in 2019

Laura J. Boyer