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