Phillips Lands Major Private Collection for Sale in May

March 22nd, 2015

Following up on the claims for serious market contention made by new chief Edward Dolman, Phillips has landed a major private collection for sale in the coming months, valued at nearly $35 million.  The works, which include a Brice Marden estimated at $8 million to $12 million, and a Ed Ruscha valued at $2 to $3 million, will be sold at the auction house’s Contemporary Evening sale in May, with some others being reserved for a special photography sale.  “They were interested in art of their time,” says advisor Allan Schwartzman, who helped build the collection. “There is a lot of abstract work and work where the imaging is involved with the natural world.”

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