NEW YORK — Speaking of a hard act to follow… Phillips‘s evening sale commenced just 24 hours after Christie’s record-setting half-billion-dollar result. It proved mildly successful. The boutique-scaled auction house, headquartered on Park Avenue and 57th Street, sold $78,618,000 of contemporary art, with 30 of the 37 lots offered finding buyers. That translates into a buy-in rate by lot of 19 percent and 12 percent by value.
by Judd Tully Published: May 17, 2013