Philips closes London auction week on a high note – Venderequadri Skip to content

Philips closes London auction week on a high note

The Phillips sale on July 2nd concluded London's Contemporary Art auction week: 27 lots in the catalogue generated £9.9 million, with high sales rates of 95% by value and 85% by lot. Young artists such as Wade Guyton, Tauba Auerbach, and Lucien Smith particularly triumphed, with David Ostrowski also setting a record. The artist, born in 1981, was featured in the catalogue with a 2012 canvas titled F (gee Voucher), which sold for £170,500 against an estimate of £30,000-50,000. The only work to surpass the million-pound mark was Andy Warhol's Self-portrait, which sold for £2.8 million. Rudolf Stingel followed with a 2012 work sold for £842,500, and in fourth place was a joke painting by Richard Prince, My Life as a Weapon from 2007, which sold for £680,500. Among the opening lots, Auerbach took eighth place in the evening's top ten with a 2012 work, Untitled (Fold), fetching £386,500 above its high estimate. Lucien Smith also blew past estimates, selling for £115,500 with Boys Don't Cry. A large-scale work by Wade Guyton from 2007 found a buyer for £602,500, while Mark Flood's abstraction, Mineral, from 2003, surpassed expectations, selling for £86,500. Among the sculptures, Anish Kapoor's Untitled (2008) reached its high estimate at £812,500; and Anthony Gormley's Domain XI (Freefall) from 2000 also performed well, selling for £182,500.
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