NOW: Art of the 21st Century, the inaugural sale in Phillips de Pury & Company’s new series of themed auctions, took place this past Saturday in London. This marked the first time pieces of contemporary design were included in a major sale alongside works of fine art and photography, and they fared impressively well.
The auction concluded with respectable results overall. Out of the 291 lots up for grabs, 176 sold for a total sum (including premium) of £1,369,125. While this is nothing record-breaking, the design lots performed strongly with 15 out of 18 lots sold (8 for well over their pre-sale estimate prices).
The top earner of these was Stuart Haygarth’s “Tail Light” chandelier which sold for £30,000 (pre-sale estimate £12,000- £18,000). Ronen Kadushin’s prototype “Italic Shelf” also fared impressively well selling for almost double its high estimate at £8,125 (pre-sale estimate £3,500 – 4,500).
Additional highlights include Ron Arad’s “RTW” bookshelf that sold for £16,250 (pre-sale estimate £10,000 - £15,000), Piet Hein Eek’ “Scrap Wood” cabinet that sold for its high estimate of £15,000, and Fernando & Humberto Campana’s “Kaiman Jakaré” sofa that sold comfortably within the high-end of its estimate at £16,250.
The series of auctions will continue with LATIN AMERICA on October 3rd, 2009 at Phillips de Pury in New York. With these themed auctions, Phillips de Pury & Company is attempting to present selections of art, photography, and design, reflective of certain themes in contemporary culture, in ground-breaking ways that will set a standard for what will come to define our current era.Prices listed include buyers premium