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Phillips First Post-Brexit Sale of Contemporary Art in London Scrapes By - ArtLyst Article image

Phillips First Post-Brexit Sale of Contemporary Art in London Scrapes By

28-06-2016
 
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Phillips first Post-Brexit sale of Contemporary art in London was topped by Anselm Kiefer’s late painting For Velimir Khlebnikov; The doctrine of War; Battles, (2004-2010), which sold for £2.4 million ($3.28 million) to a phone bidder. Most other lots realised their lower estimate and 10 lots remained unsold. Including buyers’s premium, the sale realised £10.2 million ($13.93 million),11 sold below estimate. 

Jean-Paul Engelen, Worldwide Head of Contemporary Art, and Hugues Joffre, Worldwide Head of 20th Century Art, said, “We are pleased with tonight’s results, which demonstrated a healthy market despite an uncertain economic backdrop. The sale saw bidders from more than 20 countries across 4 continents, demonstrating that we operate in a truly global market. We were also pleased to set a new world record for a work by Anselm Kiefer, and we saw strong results for paintings by Michelangelo Pistoletto and Rudolf Stingel. The contemporary market remains vibrant, and our international team worked hard to assemble a sale that offered attractive works across multiple categories and price points.

Anselm Kiefer, Für Velimir Khlebnikov: Die Lehre vom Krieg: Seeschlachten, 2004-2010 £400,000-600,000 £2,389,000 $3,153,480/€2,866,800 5 Rudolf Stingel, Untitled, 2014 £1,000,000-1,500,000 £1,325,000 $1,749,000/€1,590,000 10 Domenico Gnoli, Inside of Lady's Shoe, 1969 £1,000,000-1,500,000 £965,000 $1,273,800/€1,158,000 4 Rudolf Stingel, Untitled (Topolino), 2002 £700,000 - 1,000,000 £905,000 $1,194,600/€1,086,000 7 Michelangelo Pistoletto, Violet Dog, 1968 £400,000-600,000 £905,000 $1,194,600/€1,086,000 22 Alexander Calder, Critter Bleue Assise, 1974 £500,000-700,000 £605,000 $798,600/€726,000 12 Dame Barbara Hepworth, Stringed Figure (Curlew) (Version I), 1956 £450,000-550,000 £581,000 $766,920/€697,200 20 Gerhard Richter, Abstraktes Bild, 1978 £400,000-600,000 £449,000 $592,680/€538,800 24 Chung Sang-Hwa, Untitled 85-7-14, 1985 £300,000-400,000 £449,000 $592,680/€538,800 3 Adrian Ghenie, Untitled, 2009 £350,000-450,000 £425,000 $561,000/€510,000 NEW AUCTION RECORDS Lot Description Estimate Price Achieved 11 Anselm Kiefer, Für Velimir Khlebnikov: Die Lehre vom Krieg: Seeschlachten, 2004-2010 £400,000-600,000 £2,389,000 $3,153,480/€2,866,800 *previous record price: £1,819,134 set in 2007 

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the 


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