World Record Prices Smashed for Contemporary Artists in $78 Million Phillips de Pury Sales

  • NEW YORK, New York
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  • November 08, 2011

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Cy Twombly's Untitled, 2006, sold for $9,042,500 at Phillips de Pury & Company.
Phillips de Pury & Company

Phillips de Pury & Company’s Contemporary Art Part I totalled $71,292,500, selling 94% by value and 84% by lot in a lively and packed auction room in New York this week. Contemporary Art Part II totalled $7,180,800, selling 70% by value and 73% by lot.

A number of world record prices were set for artists such as Richard Serra, Rob Pruitt, Adam McEwen, Nate Lowman, Hans Peter Feldmann, Haegue Yang, Sturtevant, Jack Goldstein and Wang Shugang, among others.

In addition, the Contemporary Art Benefit auction for the Solomon R Guggenheim Foundation totaled $2,682,000, selling 93% by value and 95% by lot. 

“We were very happy to lend our support to the Guggenheim Museum. The Benefit Auction was the ideal prelude to what overall was a very successful evening,” said Simon de Pury, Chairman of Phillips de Pury & Company.

“Tonight’s excellent results demonstrate the depth of the market. We saw consistent participation throughout and steady results in line with our expectations,” remarked Michael McGinnis, Senior Director and Worldwide Head of Contemporary Art.

Contemporary Art Part I Top Ten Lots:

CY TWOMBLY, Untitled, $9,042,500

ANDY WARHOL, Nine Gold Marilyns (Reversal Series), $7,922,500

RICHARD PRINCE, Runaway Nurse, $6,802,500

ALEXANDER CALDER, Trepied, $5,682,500

ANDY WARHOL, Self-Portrait, $4,002,500

WILLEM DE KOONING, Untitled XVIII, $3,442,500

ANDY WARHOL, Knives, $3,442,500

RICHARD SERRA, Palms, $2,322,500

MAURIZIO CATTELAN, Frank and Jamie, $2,322,500

CHRISTOPHER WOOL, Untitled (P 177), $2,210,500         

 

Contemporary Art Part I Artist World Records:

RICHARD SERRA, Palms, $2,322,500

 

Contemporary Art Part II Top Ten Lots:

STURTEVANT, Lichtenstein, Frighten Girl, $710,500

SIGMAR POLKE, Untitled, $302,500

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JACK GOLDSTEIN, Untitled, $302,500

ALEX KATZ, Kate, $266,500

BERNAR VENET, Indeterminate Line, $242,500

VICTOR VASARELY, Sagitta, $218,500

WILLIAM KENTRIDGE, Learning the Flute, $194,500

JULIAN SCHNABEL, Portrait of Alan Moss, $182,500

SHERRIE LEVINE, Untitled (Golden Knots 7), $146,500

MEL RAMOS, Chiquita Banana, $146,500

 

Contemporary Art Part II Artist World Records:

STURTEVANT, Lichtenstein, Frighten Girl, $710,500

JACK GOLDSTEIN, Untitled $302,500

JOSH SMITH, Untitled $74,500

TIM HAWKINSON, H.M.S.O, $68,500

RICHARD SERRA, Palms, Cor-ten steel, 2 plates, sold for an artist auction record of $2,322,500 at Phillips de Pury & Company.
Phillips de Pury & Company

WANG SHUGANG, Meeting Maquette, $43,750

JOHAN CRETEN, Odore di Femmina (Torso 4), $35,000

COSIMA VON BONIN, Therapy (#67), $35,000

 

The Contemporary Art Benefit auction for the Solomon R Guggenheim Top Ten Lots:

MAURIZIO CATTELAN, Others, $580,000

CHRISTOPHER WOOL, Untitled, $330,000

GEORGE CONDO, The Butler, $280,000

NATE LOWMAN, This Marilyn, $240,000

RICHARD SERRA, Untitled, $230,000

ADAM MCEWEN Untitled, $150,000

SUBODH GUPTA, Cascading Water, $150,000

RICHARD PHILLIPS, Illumination (Esther), $140,000

LEE BUL, Sternbau No. 32, $110,000

CAI GUO-QIANG, Study for Landscape No. 5, $65,000   

 

The Contemporary Art Benefit auction for the Solomon R Guggenheim Artist World Records:

ROB PRUITT, Ladies and Gentleman....(Art Awards Penguins), $55,000

ADAM MCEWEN, Untitled, $150,000

NATE LOWMAN, This Marilyn, $240,000

HANS-PETER FELDMAN, One Pound Strawberries, $18,000

HAEGUE YANG, Acoustics of Karma, $30,000


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