Phillips' inaugural sale of 20th century art
Phillips Auctioneers’ inaugural Day Sale of 20th Century & Contemporary Art and Design takes place in Hong Kong on Nov 26 2018 at the Mandarin Oriental.
A press release from Phillips touts the auction as featuring some 100 items comprised of editions, photography, and Danish and Italian design pieces.
“The Hong Kong Day Sale was added to our calendar following the strong results achieved from our Spring 2018 sales, which grossed Phillips’ highest ever total in Asia. The Day Sale will support the vibrant art market in Asia, where record prices continue to be achieved for exceptional artworks, as well as appeal to the growing number of younger Asian buyers that are starting to build collections,” said Jonathan Crockett, Deputy Chairman and Head of 20th Century & Contemporary Art, Asia.
Phillips' inaugural evening edition of the sale also took place in Hong Kong in Nov 2016. The company's stratergy of offering Asian and Western artworks in a smaller auction format is said to be well received by collectors.The press release cites the 20th Century Contemporary Art & Design sale on May 27 2018 as example, which is said to have achieved record sales for a Phillips Hong Kong Sale at HK$233.6 million (US$29.8 million).
*pictured: Yoshitomo Nara - Fallen Angel, 1987