Phillips announced that it sold $916 million worth of art and collectibles in 2018, the highest total in its 220-year history.
The record sum comes a decade after the Russian luxury goods conglomerate, the Mercury Group, acquired the business, and five years since former Christie's CEO Ed Dolman started to manage the auction house.
FERNANDO MALDONADO MAY BECOME THE FUTURE STAR OF COLUMBIAN PAINTING Most art lovers view Fernando Botero as a great master on the art market but don't know much about other Columbian artists, notably Fernando Maldonado, a painter, drafstman and sculptor born in Bogota in 1962. Link
FINE RESULTS FOR OLD MASTERS AT SOTHEBY'S IN LONDON The Old Master Evening sale at Sotheby's on December 5 2018 in London totalled 30.2 million GBP with an exceptional sell-through rate of 86% - the highest ever achieved by the auction house in this category with a rare oil sketch by Rembrandt van Rijn sold for 9.48 million. Link
EINSTEIN'S LETTER ON GOD SOLD FOR A RECORD PRICE Christie's 4 December sale of Fine printed books and manuscripts realized a total of 5,425,625 USD achieving 75% by lot and 81% by value with Albert Einstein's letter on God sold for 2,892,500 USD,a new world auction record for a letter by the celebrated scientist achieved after a four-minute bidding battle between two clients on the phones. Link
A LUCAS VAN LEYDEN DRAWING SOLD FOR 11,483 MILLION GBP Held by Christie's on December 4 2018, the sale of Old Masters/New Scholars: Works of Art for the benefit of the Rugby School realised a total of 14,794,125 pounds, far exceeding all pre-sale expectations with 83% sold by lot and 99% sold by value. Link
PROMOTING HAITIAN ART Working in Haiti as emergency manager for several years, Alexandre Latour has been profoundly charmed and changed by the beauty and the magic of Haitian art. Link
PHILLIPS FAILED TO MEET EXPECTATIONS IN N Y Phillips' 20th century and contemporary art sale held on November 15 2018 in New York failed to meet expectations with ten lots unsold including a heavily promoted wood combustion painting by Alberto Burri (est. $10 million—15 million); a “Gray Painting” by Christopher Wool (est. $4 million—6 million); and the catalogue's cover lot, a Jackson Pollock painting once owned by Nelson Rockefeller (estimated in the region of $18 million), Link
WORLD RECORD FOR DAVID HOCKNEY AT CHRISTIE'S 81-year-old British artist David Hockney became the most expensive living painter when Christie's sold his Portrait of an Artist (Pool with Two Figures) (1972) for $90.3 million at its postwar and contemporary art auction in New York which realized a total of $357.6 million, compared with a revised pre-sale estimate of $323 million to $421.5 million. Link
THE BARNEY A. EBSWORTH COLLECTION SOLD AT CHRISTIE'S IN NEW YORK
Part One of Christie's sale of An American Place: The Barney A. Ebsworth Collection totaled 317,801,250,USD with 88% sold by lot,and 99% sold by value.
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RISE OF BUYER'S PREMIUMS AT CHRISTIE'S
