During Art Basel Week, the Phillips sales for contemporary art are astounding!
PRESS RELEASE
PHILLIPS MARKS MILESTONE MOMENT IN PARIS AS VENTE ART MODERNE & CONTEMPORAIN ET DESIGN ACHIEVES NEARLY €5 MILLION
Led by Joan Miró’s Peinture from the Collection of Marcel Brient,
Sale Sets New Record for Liu Guofu
100% of Design Lots Sold
Results Underscore Phillips’ Growing Presence in Paris in its 230th Anniversary Year
India Phillips, Managing Director, Modern & Contemporary Art, Europe, said, “This sale represents an important milestone for Phillips in Paris and a significant step in our continued investment in Europe. With our global network of Contemporary collectors, Phillips is uniquely positioned to respond to the growing appetite for historical Modernism, connecting exceptional works with new audiences and bringing them into dialogue with Contemporary art. Paris, as the cradle of Modern art, is a natural setting for this ambition, and we were equally delighted to present Amedeo Modigliani’s Tête in the city ahead of our New York Evening Sale next month. To build on our presence here in our 230th anniversary year is particularly meaningful, reflecting both our rich heritage and our ambition to create new opportunities for the future.”
Clara Rivollet, International Specialist, Head of Sale, Modern & Contemporary Art, Paris, said “It has been an exceptional week in Paris, with the energy surrounding Art Basel bringing collectors and art enthusiasts from across the world to the city. We were delighted to welcome over 1,000 guests to our opening reception and to see such enthusiasm for a sale led by Joan Miró’s Peinture from the Collection of Marcel Brient, Paris. Modern and Post-War French masters performed strongly, with notable results for works by Marc Chagall and Jean-Paul Riopelle. There was strong bidding for Contemporary painting, including Ben Sledsens’ From The Forest To The Sea, following the strong result we achieved in London last week. Asian artists also attracted significant attention, with Hsiao Chin’s Pintura 5 (Painting 5) achieving over seven times its low estimate and Liu Guofu’sCold Mountain 25-6 setting a new world auction record at almost five times its low estimate. Design was a standout, with 100% of lots sold and the majority exceeding their high estimates. These results speak to the breadth of collecting interests in Paris and the exciting opportunities ahead as we continue to strengthen our presence in this important market.”
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