the art collectors

Friday, March 5th, 2010

Results in for Phillips de Pury Contemporary Evening Sale, NY

Lot 19. Steven Parrino – cab Noggin, 1988. Acrylic on canvas, 72″ x 72″ Sold: $458,500

Numbers are in for Phillips de Pury’s Contemporary Art Evening Sale. Held last night (3/4), amidst the buzz of Armory week, results were lukewarm. More than a third of the 34 total lots went unsold, with total sales reaching $2,192,850 (with all buyer’s fees). Here’s the rundown:

Phillips de Pury Contemporary Art Evening Sale, Thurs., March 4
All results include buyer’s premiums: 25% on the first $50,000, 20% on the portion of the price from $50,000 to $1,000,000, and 12% on any portion of the price     which exceeds $1,000,000.

Total Sale: $2,192,850
Lots Offered: 34, Sold: 22 (64.7%) Unsold/Withdrawn: 12 (35.3%)
Lots Exceeding High Estimate: 4 (11.76%),   Within Estimate: 18 (52.9%)
Results for 5 Highest Estimated Lots: Above Low Estimate: 3, Above High Estimate: 1, Unsold: 1

Kelley Walker – Black Star Press, 2005. Silkscreened chocolate on digital print on canvas laid on board, 36″ x 28″ each. Sold: $254,500

Highest Grossing Lots (with buyer’s premium)
1. Lot 11: $458,500 – Steven Parrino ($400,000-$600,000)
2. Lot 5: $254,500 – Kelley Walker (Estimate: $150,000-$200,000)
3. Lot 19: $206,500 – Tom Wesselmann (Estimate: $200,000-$300,000)
4. Lot 7: $176,500 – Doug Aitken (Estimate: $150,000-$200,000)
5. Lot 4: $146,500 – George Condo (Estimate: $80,000-$100,000)

Doug Aitken – i am in you, 2000. Video installation of five projections of three dvds. Sold: $176,500

View Complete Sale Results here

Phillips will hold its next NY sale tomorrow, March 6. With a focus on emerging artists and editions, NOW: Art of the 21st Century offers collectors opportunities at much more modest entry points.