Simon de Pury at the helm at the auction in front of the Philip Guston
Last night’s contemporary auction at Phillips de Pury fell short of its low estimate of $12.2 million, bringing in $7.7 million, with 12 of the 43 lots going unsold. The sale’s highlight, an untitled Robert Gober sculpture of a Farina cereal box valued at $2.5-3.5 million, went unsold with only one bid at $1.6 million. An untitled Anish Kapoor sculpture, estimated at $800, 000-1.2 million, also was met with no bids. However, one of the auction highlights, Philip Guston’s painting, ‘Anxiety,’ was the highest selling lot, going for $1 million, just making its low estimate. John Baldessari’s painting, ‘Person with Pillow: Desire/Lust/Fate,’ sold for $290,500, missing its estimate of $300,000-400,000. It had sold at Sotheby’s a year and a half ago for nearly double that amount. Many artists however, such as Zeng Fanzhi, whose show just concluded at Acquavella Gallery in New York and was covered by Art Observed here did break auction records (work shown below), the details of which are after the jump.
Phillips Contemporary Auction Falls Short of Estimate [NY Times]
Phillips Limps to the Finish Line [Artinfo]
Zeng Fanzhi’s ‘Little Boy’ via Phillips de Pury sold for $446,500 against estimates of $250,000-300,000
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