In the last stretch of auctions staged in London this week, Phillips held an evening sale offering works of modern and contemporary art evening at its U.K. headquarters, bringing in a combined total of £17.5 million ($21 million) with fees.
The 33 lots offered spanned works from mid-career artists like Shara Hughes and Caroline Walker to less valuable pieces by historical figures like Cy Twombly. Thirty-one works sold, with two withdrawn in advance. Six pieces, including examples by Flora Yukhnovich, Damien Hirst, and Stanley Whitney were secured with irrevocable bids.
The total hammer price for the entire group before fees came to £14.3 million ($17.5 million), landing at the low end of its combined presale estimate of £13.5 million–£18.4 million ($16.4 million–$22.4 million). The total with premium was $21 million.
The energy for the hour-and-a-half-long sale, led by auctioneer Henry Highly, was higher than in sales led by its larger competitors—Christie’s and Sotheby’s this week—whose sales are twice the size. More than in the other London sales, which were anchored with top lots by canonized male artists, Phillips relied on some of the market’s youngest artists to activate momentum with bidders.
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