Sale Total: $54,144,400 / £42,741,589 / €51,171,872

Lots Sold: 25 | Lots Offered: 30 Sold by Lot: 83% | Sold by Value: 74%

Leading the auction was Jackson Pollock's Untitled, circa 1948, which realized $15.3 million. When last sold at auction in 1987, it achieved $1.2 million, underscoring the tremendous trajectory for the market in the past three decades. There was great demand for classic contemporary works, evidenced by Elizabeth Peyton's Kurt (sunglasses) , which tripled its high estimate, selling for $2.4 million after a five-minute bidding war, and Keith Haring’s Untitled at $2.2 million.

Derek Fordjour's Twelve Tribes set anew record for the artist at over $1.1 million and we were proud to kick off the evening with Li Hei Di’s Evening Sale debut, as their Unfolding a flood soared to $127,000 against an estimate of $40,000-60,000, also setting a record for the artist. The sale concluded with Andy Warhol’s New York Skyscrapers, the artist’s iconic portrait of Trump Tower, which nearly doubled its estimate at $952,500.

Jean-Paul Engelen, President Americas, and Robert Manley, Deputy Chairman, Phillips’ Worldwide Co-Heads of Modern & Contemporary Art, said, “The demand for exceptional works of 20th century and contemporary art remains solid. With bidders taking part in the sale from over 30 countries worldwide, we saw strong participation from across the United States, as well as throughout Europe and Asia. Leading the auction was Jackson Pollock's Untitled, circa 1948, which realized $15.3 million. When last sold at auction in 1987, it achieved $1.2 million, underscoring the tremendous trajectory for the market in the past three decades. There was great demand for classic contemporary works, evidenced by Elizabeth Peyton's Kurt (sunglasses), which tripled its high estimate, selling for $2.4 million after a five-minute bidding war, and Keith Haring’s Untitled at $2.2 million. Derek Fordjour's Twelve Tribes set a new record for the artist at over $1.1 million and we were proud to kick off the evening with Li Hei Di’s Evening Sale debut, as their Unfolding a flood soared to $127,000 against an estimate of $40,000-60,000, also setting a record for the artist. The sale concluded with Andy Warhol’s New York Skyscrapers, the artist’s iconic portrait of Trump Tower, which nearly doubled its estimate at $952,500.  We look forward to continuing this momentum in the Modern & Contemporary Art Day Sale tomorrow and the Modern & Contemporary Art sales in Hong Kong next week.”

(Press Release)