{"id":1586,"date":"2022-07-04T16:40:24","date_gmt":"2022-07-04T08:40:24","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=1586"},"modified":"2022-07-04T16:40:24","modified_gmt":"2022-07-04T08:40:24","slug":"phillips-leads-with-women-artists-in-solid-21-m-london-evening-sale","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/phillips-leads-with-women-artists-in-solid-21-m-london-evening-sale\/","title":{"rendered":"Phillips Leads with Women Artists in Solid $21 M. London Evening Sale"},"content":{"rendered":"

In the last stretch of auctions staged in London this week,\u00a0Phillips<\/a>\u00a0held an evening sale offering works of modern and contemporary art evening at its U.K. headquarters, bringing in a combined total of \u00a317.5 million ($21 million) with fees.<\/p>\n

The 33 lots offered spanned works from mid-career artists like\u00a0Shara Hughes<\/a>\u00a0and Caroline Walker to less valuable pieces by historical figures like Cy Twombly. Thirty-one works sold, with two withdrawn in advance. Six pieces, including examples by\u00a0Flora Yukhnovich<\/a>, Damien Hirst, and Stanley Whitney were secured with irrevocable bids.<\/p>\n

The total hammer price for the entire group before fees came to \u00a314.3 million ($17.5 million), landing at the low end of its combined presale estimate of \u00a313.5 million\u2013\u00a318.4 million ($16.4 million\u2013$22.4 million). The total with premium was $21 million.<\/p>\n

The energy for the hour-and-a-half-long sale, led by auctioneer Henry Highly, was higher than in sales led by its larger competitors\u2014Christie\u2019s and Sotheby\u2019s this week\u2014whose sales are twice the size. More than in the other London sales, which were anchored with top lots by canonized male artists, Phillips relied on some of the market\u2019s youngest artists to activate momentum with bidders.<\/p>\n

While a few bidding wars broke out, the auction generated only one new record\u2014for Antonia Showering. Bidders from Canada, France, Lebanon, Hong Kong, and London participated.<\/p>\n

Phillips is leaning into the market-wide feminist bent recently embraced in contemporary art auctions. The first nine lots in the Phillips sale were the works of women.<\/p>\n

Early on came one by Lauren Quinn, a 29-year-old Los-Angeles-based painter. Recent acquisitions of her work from museums in Miami and Beijing have put her on the map. Quinn\u2019s mint-green painting\u00a0Numbness<\/em>\u00a0(2019), which references biomorphic forms, surpassed the house\u2019s \u00a350,000 ($61,000) low estimate. Attention from four bidders, including those spanning the map from France to Lebanon, moved its final up to \u00a3201,600 ($245,000).<\/p>\n

Meanwhile toward the sale\u2019s end,\u00a0Moi aussi je d\u00e9borde\u00a0<\/em>(2017), a painting by London-based artist Flora Yukhnovich\u2014whose reinterpretations of 18th-century Rococo imagery have been in great demand since her auction debut last year\u2014sold for \u00a31.7 million ($2.1 million) with premium. The result was more than five times the low estimate. It came in shy of her \u00a31.9 million (US $2.5 million) record set at Christie\u2019s in March.<\/p>\n

Caroline Walker\u2019s painting\u00a0Afters<\/em>\u00a0(2016) initiated a bidding war that stretched for several minutes. Bidders for the monochrome green painting, which depicts a bathing-suit-clad woman lying on an outdoor sofa, moved it well beyond its \u00a360,000 estimate eventually to sell for five times that estimate for a final price of \u00a3315,000 ($383,188).<\/p>\n

Elsewhere in the sale, 27-year-old newcomer\u00a0Anna Weyant<\/a>\u2019s 2019 canvas\u00a0Bath Time<\/i>, which depicts a cherubic nude child leaning on a stool, sold for \u00a3226,800 ($274,000) with fees after fielding bids from Hong Kong and London. The result was three times the low \u00a380,000 estimate.<\/p>\n

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\"Abstract<\/div>\n<\/div>
Flora Yukhnovich,\u00a0Moi aussi je d\u00e9borde<\/em>, 2017.<\/span>COURTESY PHILLIPS<\/cite><\/figcaption><\/figure>\n<\/div>\n

Bidding started strong with the sale\u2019s opening lot\u201431-year-old British painter Antonia Showering\u2019s canvas\u00a0We Stray<\/em>\u00a0(2020), an orange-and purple-hued landscape with five figures. On the heels of her recent addition to the London gallery Timothy Taylor, Showering saw a new auction record when the painting sold for \u00a3239,400 ($290,000) with premium, going for six times the \u00a340,000 estimate. It was won by a bidder on the phone with Phillips\u2019s deputy chairman Svetlana Marich.<\/p>\n

One of the sale\u2019s opening lots was\u00a0Wavy Navy<\/em><\/a>\u00a0(2015) by Shara Hughes, who had a breakout feature in the 2017 Whitney Biennial. Hughes has seen a recent rise in the market with her works showing up in Hong Kong sales. That lot saw attention from a Hong Kong bidder, but hammered below its low estimate for \u00a3200,000 ($243,207), going to a buyer on the phone with Marich.<\/p>\n

Mari\u0301a Berri\u0301o\u2019s figurative painting\u00a0The Riders II\u00a0<\/em><\/a>(2012) fared much better, going for \u00a3809,000 ($981,560), six times the low estimate after bidders from London and Lebanon competed for it. It went to a buyer on the phone with Phillips chairman Jean-Paul Engelen.<\/p>\n

As is typical, the sale\u2019s top lots were pieces by male artists made decades ago. A 1962 untitled work on paper with scrawls by Cy Twombly and a figurative painting that Michelangelo Pistoletto produced between 1962 and 1967 sold for prices within their estimate at \u00a32.7 million and \u00a32 million ($3.3 million\u2013$2.4 million) respectively.<\/p>\n

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Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"

In the last stretch of auctions staged in London this week,\u00a0Phillips\u00a0held an evening sale offering works of modern and contemporary art evening at its U.K. headquarters, bringing in a combined total of \u00a317.5 million ($21 million) with fees. The 33 lots offered spanned works from mid-career artists like\u00a0Shara Hughes\u00a0and Caroline Walker to less valuable pieces […]<\/p>\n","protected":false},"author":2,"featured_media":1587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":{"0":"post-1586","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news"},"yoast_head":"\nPhillips Leads with Women Artists in Solid $21 M. 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