Phillips

Young, emerging artists continue to dominate Frieze week auctions as Phillips sets seven records

Asian bidders set the pace again as several works sell for ten times their lower estimate at the auction house's 20th century and contemporary art evening sale. But are these prices sustainable?

Records set for Cinga Samson, Avery Singer, Vija Celmins, Titus Kaphar and Julie Curtiss at Phillips's $118.2m evening sale

Auction house chose to hold its 20th century and contemporary art evening sale in New York during what is traditionally the London season due to "detonated" calendar

Phillips names Stephen Brooks, a former Christie's financial officer, as new chief executive

The current chief, Edward Dolman, will shift in September to a new role as executive chairman of Phillips’ holding company

The 'quintessential' Art Deco smoking (or vaping) room—yours for £2m

Jean Dunand's Les Palmiers was designed for a Parisian apartment in the 1930s

Art marketanalysis

All ears: why collectors can’t get enough of industry hype right now

In an increasingly asset-driven art trade, collecting by listening to the buzz is fast becoming the norm

Phillips London sets new records for Emily Mae Smith and Portia Zvavahera in £26.3m contemporary evening sale

While the top lot of the night—a fiery self-portrait by George Baselitz—struggled to meet its low estimate, a bidding war broke out over Dana Schutz's painting of a bright orange Trump

Phillips rolls out 'Articker' to predict the next hot artists through exhibitions and media coverage

Like a stock ticker, the new data platform scrapes the internet to give users a constant stream of information about art

Art marketanalysis

In the first partnership of its kind, Phillips and Poly Auction set their sights on Hong Kong

Mutually beneficial collaborations between Western and Chinese auction houses are on the rise

Art marketanalysis

Sanyu, Zao Wou-Ki and Liu Ye: the Asian masters fetching millions at the Hong Kong auctions

Despite pandemic delays and the new National Security Law, the spring sales in the city last week fetched solid results

Art marketcomment

Can the art market be an ally in the fight for racial equality?

The industry remains subtly discriminatory and must abandon some obsolete ways if it is to truly change for the better

Filmsnews

Ai Weiwei will address the Rohingya refugee crisis in a forthcoming documentary

The Chinese dissident artist and director of Human Flow is also currently filming a new documentary about the coronavirus pandemic

Phillips partners with charitable foundation to benefit New Yorkers hardest hit by coronavirus

The auction house will donate all proceeds from a forthcoming online sale to the New York-based Robin Hood Foundation

Art marketanalysis

Phillips’s sale reveals contemporary art's hottest stars but still misses its low estimate

Auction results this week are expected to be down by almost a quarter signalling a "low tide" in London

Art marketgallery

Object lessons: from a medicinal Damien Hirst to a splashy David Hockney

Our pick of highlights from the next fortnight's fairs and auctions

Art marketanalysis

How serious are the dangers of market sponsorship of museum exhibitions?

Involvement from galleries and auction houses is on the rise as public institutions face dwindling government funds and increased scrutiny over toxic philanthropy

Damien Hirst medicine cabinet bought for £600 goes on sale for over £1m

Softer YBA market faces test as collection amassed by London bond trader goes under the hammer at Phillips next month

2020 vision: the big year of change for auction houses?

Supported by transformational new technology, the sector is ditching its traditional business model in favour of the luxury goods market

Auctionsanalysis

New York's autumn sales were subdued but not necessarily septic

Overall sales were down by around 30% but beyond the disappointing headline figures, women and minority artists shone

Art marketpreview

Confidence may be low, but New York's auctions are aiming high

Can the quality of the smaller works coming up during "gigaweek" quell economic jitters?

Auctionsanalysis

New artists to the block bring excitement to Phillips Contemporary evening sale in London

New record set for Alex Katz, but less-familiar names also exceed expectations

Phillips names Olivia Thornton head of 20th-century and contemporary art in Europe

The appointment comes after a handful of new hires across the auction house’s offices

Art marketanalysis

Price match! Old Masters vs contemporary art: what can you get for your money?

During London's Classic Week, we take a look at what the same sum will buy you at either end of the art historical timeline

Female painters steal the limelight at Phillips contemporary evening sale in London

Market is not “as effervescent as it was”, but £36m total is the auction house’s highest in June for over a decade despite disappointing results for Modern works

San Francisco museum's Rothko sells for $50m as Sotheby’s closes bumper week of New York auctions

Dana Schutz’s record broken twice in one night at Phillips then Sotheby's, while the bidder behind the $91m Koons Rabbit buys Lee Krasner painting for $10m

Gerhard Richter’s jet fighter painting finally takes off at Phillips after bumpy legal battle

After previous buyer defaulted on paying for the work in 2016, painting sold in London for £15.5m in a significantly smaller auction compared with 2018

Rio’s Museum of Modern Art finally sells Pollock for around $13m

For a struggling institution, the price is short of earlier estimates

Shifts among the major auction houses could spell serious change

Loic Gouzer to leave Christie’s as the auction house restructures in the wake of Francis Outred's departure, while Phillips upgrades its New York headquarters

Phillips and Bonhams see stronger sales on smaller lots

The auction houses' bottom lines suffered from unsold lots, continuing a trend of top-lot discernment during New York’s fall sales

David Hockney: exclusive interview with the world's most expensive living artist

We talk to David Hockney about Portrait of an Artist (Pool with Two Figures), which broke an auction record this week, selling at Christie's New York for $90.3m with fees. Produced in association with Bonhams, auctioneers since 1793.

Art marketpreview

Latin American art gets a boost on the auction block

Broadening the sales strategy for Latin American art has been a positive move for some artists' markets

Art marketpreview

What to watch on the block during New York's fall sales

Lesser known lots still hold plenty of hammer potential

Art marketgallery

Object Lessons: from sixth-century Chinese figurines to Snoopy's sidekick

Our picks from fairs and auctions around the globe this coming fortnight

Digital artanalysis

Who needs artists? Rise in works made by artificial intelligence raises real questions for the art market

A new portrait produced by an algorithm, expected to sell for around $10,000 at Christie’s this month, prompts new debates over authorship

London’s contemporary art summer season in flux as middle market comes out on top

Christie’s introduces day sale format and established names give way to new talent

Out with the old in with the new, with a side of Bacon, at Phillips and Christie's $528.8m auction night

New record for Joan Mitchell as fresh artists join the $10m-and-up club—but Bacon and Basquiat still dominate top prices in New York

Online sales, Asia and guarantees: auction house chiefs on the future of the business

The heads of Christie's, Bonhams and Phillips speak on market shifts, challenges and why they believe their model will succeed

Basquiat’s $20m work takes centre stage in Phillips sale

Critic and curators gather to pay tribute to late artist as 1984 painting comes to market for first time

Picasso painting of Marie-Thérèse gives Phillips the edge in London’s contemporary sales

A record sale at Christie’s and a solid result at Sotheby’s show the market is in full recovery

From Van Gogh to Richter—what happens when bidders fail to pay up at auction?

Flaky winning bids are knocking the gloss off record-breaking sales

Phillips to incorporate its Latin American offering in its main contemporary auctions

Citing record prices for works by Herrera, Schendel, and Oiticica, the auctioneer hopes move will stoke international demand

Phillips and Sotheby's deliver healthy totals for contemporary art

Capping an epic week of auctions, solid results featuring records for female artists and a Ferrari bode well for market's future—so long as it doesn't overheat

Optimism abounds heading into November auctions in New York

Discretionary sellers gain confidence in the market and Christie's leads its contemporary sale with Da Vinci—but recent overreaches sound a cautionary note

Anatole Shagalov embroiled in legal cases that reveal problems of buying art with loans

Buyers using works as collateral and allegedly defaulting on payment becoming increasingly common in "frothy market"

Art marketarchive

Post-war and contemporary results

A big week for Phillips, Sotheby's, and Christie's

Christie'sarchive

Christie’s pulls works from Latin American auction after ‘forgery’ concerns

Ten items from one collection withdrawn from New York auctions

Friezearchive

Warhol-Basquiat goes begging at Phillips

Phillips’s chief executive says Frieze might have distracted potential buyers

Interviewarchive

Interview with Simon de Pury: “Photography may slacken off; design has great potential”

Phillips’ international star talks about plans for the future, guarantees and what happens to those unsold pictures

Photography auction report: Americana and fashion photography in vogue

Market gains ground as annual auctions bring in new collectors

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