Phillips to Showcase Pablo Picasso’s Buste de femme au chapeau in the New York Evening Sale of Modern & Contemporary Art

Phillips to Showcase Pablo Picasso’s Buste de femme au chapeau in the  New York Evening Sale of Modern & Contemporary Art   Works formerly from the Collection of Francesco Pellizzi by Jean-Michel Basquiat to Lead Auction on 14 May,  Offered Alongside Works by Donald Judd, Barkley L. Hendricks, Derek Fordjour, Helen Frankenthaler, and Grace Hartigan   Full Catalogue Now Available Online   Pablo Picasso Buste de femme au chapeau, 1939 Estimate: $12-18 million Jean-Michel Basquiat Untitled (ELMAR), 1982 Estimate: $40-60 million   NEW YORK – 29 APRIL 2024 – With the full catalogue now available online, Phillips is proud to share further highlights from the May Evening Sale in New York, while announcing that the 20th Century & Contemporary Art department has been rebranded as Modern & Contemporary Art. This strategic decision underscores Phillips’ commitment to ongoing innovation, evolving with the dynamic market landscape and more closely reflecting collectors’ buying and selling habits. The change not only simplifies the department's identity but also reflects Phillips’ successful strategy in recent years of expanding its scope to include important works from the Modern era—roughly encompassing the period and movements between the 1860s through to 1970—which blends seamlessly with the established Contemporary offerings from 1970 to now.   The Evening Sale, set to take place on Tuesday, 14 May, at 5pm ET, features works by the most prominent artists of the past century, including Jean-Michel Basquiat, whose Untitled (ELMAR) hails from the former collection of Francesco Pellizzi, and Pablo Picasso, whose Buste de femme au chapeau brilliantly captures one of the most significant subjects in the artist’s oeuvre, Dora Maar. Alongside these two masterworks will be exceptional examples by Barkley L. Hendricks, Donald Judd, Helen Frankenthaler, and Derek Fordjour. The 30 lots in the Evening Sale will be on view in New York at 432 Park Avenue in the lead-up to the auction, with the exhibition open to the public from 4-14 May.   Amanda Lo Iacono, Deputy CEO, said, “This Spring, Phillips is proud to officially rename our department to underscore our commitment to Modern and Contemporary Art. We have a robust legacy of offering Modern masterpieces sourced by our deep pool of experts, from Picasso’s La Dormeuse in 2018, to last year’s 100%-sold Triton Collection Foundation sale, to Buste de femme au chapeau, which is headlining our Modern offerings this May.”   Jean-Paul Engelen, President, Americas, and Worldwide Co-Head of Modern & Contemporary Art, added, “It is a privilege to share the Evening Sale of Modern & Contemporary Art with our collecting community. This sale, carefully assembled by our global team, perfectly captures the spirit that this new sale title carries. Led by two of the most influential names that have shaped the art market today – Pablo Picasso and Jean-Michel Basquiat – the sale spans works from 1917 to 2022, boasting names such as Henri  Matisse, Helen Frankenthaler and Jadé Fadojutimi. This strategy of offering Modern Art in a Contemporary context has become emblematic of Phillips’ DNA. We look forward to welcoming collectors through our doors to see the works in person when we open to the public.”   I Auction: Tuesday, 14 May 2024 Auction viewing: 4-14 May Location: 432 Park Avenue, New York, NY Click here for more information: https://www.phillips.com/auctions/auction/NY010324

ABOUT PHILLIPS Phillips: where the world’s curious and bold connect with the art, design and luxury that inspires them. As a leading global platform for buying and selling 20th and 21st century works, Phillips offers dedicated expertise in the areas of Modern and Contemporary Art, Design, Photographs, Editions, Watches, and Jewels. Auctions and exhibitions are primarily held in New York, London, Geneva, and Hong Kong, with representative offices based throughout Europe, the United States and Asia. Phillips offers a regular selection of live and online auctions, along with items available for immediate purchase. Phillips also offers a range of services and advice on all aspects of collecting, including private sales and assistance with appraisals, valuations, and financial planning. Visit phillips.com for further information.   *Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.   PRESS CONTACTS:             Jaime Israni, Head of PR and Corporate Communications, Americas     jisrani@phillips.com     PHILLIPS NEW YORK – 432 Park Avenue, New York, NY 10022 PHILLIPS LONDON – 30 Berkeley Square, London, W1J 6EX PHILLIPS HONG KONG – G/F, WKCDA Tower, West Kowloon Cultural District, No. 8 Austin Road, West Kowloon #phillipsauctionhouse#fineartmagazone#fineartfun