AO Auction Results: Phillip’s London Contemporary Art Auctions, June 30
Wednesday, July 2nd, 2008
Untitled, Willem de Kooning (1984) via Artinfo
Sold for about $5.6 million.
Estimate was $2.4 million – $4 million.
The Contemporary Art sale at Phillips de Pury and Company monday had some disappointing news to report when 34% of the lots went unsold. Even some of the top by Xang Xiagang and Paul McCarthy found themselves unable to sell. Damien Hirst, who sold 3 of his 4 works in the auction, managed to barely meet his estimate on the ones sold.
Contemporary Market Bruised but Resilient After London Sales [Artinfo]
Market news: London’s contemporary art sales [Telegraph]
McCarthy, Zhang Flop in Tepid London Contemporary-Art Auction [Bloomberg]
London Contemporary Week Lurches Into Action at Phillips [Artinfo]