Tag: Phillips Auction

Pollock, Basquiat, Warhol, Twombly Headline Monumental Phillips Auction

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Phillips is set to command the art worldโ€™s attention with its upcoming November Evening Sale of Modern & Contemporary Art in New York. The highly anticipated event, scheduled for November 19 at their prestigious 432 Park Avenue location, will present 33 carefully curated works that bridge the gap between celebrated modern masters and contemporary visionaries. The sale is headlined by Jackson Pollockโ€™s Untitled, circa 1948, a landmark piece from his groundbreaking drip painting period, and features rare double self-portraits by both Jean-Michel Basquiat and Andy Warhol, offered together for the first time at auction. Additional highlights include Cy Twomblyโ€™s mythologically charged Crimes of Passion I and a striking array of works by Pablo Picasso and Joan Mirรณ, making this event a must-see for collectors and art enthusiasts worldwide.

Rare Basquiat Masterpieces Worth Over $60,000,000 Unveiled by Phillips

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The spotlight shines brightly on the monumental 1982 masterpiece, estimated to fetch a staggering $40-60 million. This captivating piece, dubbed ‘Untitled (ELMAR),’ commands attention with its sheer scale and intricate symbolism. Acquired by the Pellizzi Family just two years after its creation, this eight-foot-wide marvel stands as a testament to Basquiat’s transformative journey from street art prodigy to gallery luminary. Rich in iconography and imbued with self-referential imagery, ‘Untitled (ELMAR)’ offers a profound exploration of duality within the artist’s identity, encapsulating the essence of Basquiat at the zenith of his creative prowess.

Phillips Announces Groundbreaking New Digital Platform Presenting Works by Cj Hendry and Other Contemporary Artists

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Phillips is pleased to announce Dropshop, a digital platform offering limited-edition releases of primary market art and objects in partnership with the artists, collaborators, and brands defining contemporary culture. Dropshop is the first and only platform in the international auction sphere that partners directly with working artists, disrupting the traditional, long-held dynamics between the primary and secondary markets. Phillips will collaborate with partners on every step, from conception and curation through to fabrication and promotion.

Takeaways from a Record-Breaking Early Auction Season

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Collection sales dominated headlines of another record-breaking fall auction season, while the emerging market feels the pressure of economic worries.

With art market prices soaring as of late, recent blue-chip auctions were projected to reach significant high-flying, record-breaking heights. Not only did these lots deliver, but in some instances their price tags surpassed their monumental estimates. The highly anticipated Paul Allen collection, the personal assortment of paintings and sculptures owned by the late Microsoft co-founder, blew past the $1 billion estimated value, which already wouldโ€™ve made his collection the most expensive ever sold.

While some say the results of the Phillips auction suggests a cooling of the market, works of personal collections, especially those hidden from public view for prolonged periods of time are doing exceedingly well.