AO Auction Results — London: Phillips de Pury Contemporary Art Evening Auction, June 28, 2012
Thursday, June 28th, 2012Andy Warhol and Jean-Michel Basquiat’s Olympics (1984) which sold for a record-breaking price of £6 million
This evening in London, Phillips de Pury‘s Contemporary Art Evening exceeded pre-sale estimates of £15.1- £21.1 million, with sales totaling £23.4 million. Andy Warhol and Jean-Michel Basquiat‘s Olympics (1984) at £6 million broke the record for a Warhol-Basquiat collaboration. With three pieces in the auction selling for over a million pounds, the take was over twice the amount received just a year ago for the auction house. Of 30 original lots, 2 were withdrawn (including a Cindy Sherman piece) and 4 were passed on. Although the total sum was not as large as the sales of either Christie’s or Sotheby’s, it was the only auction house to surpass pre-sale estimates for this week.



