Phillips best design sale EVER despite Britain's double-dip recession
26 April '12
London
Despite news of Britain entering a double-dip recession Phillips de Pury London announces that they have had the " most successful Design sale to date." With sales totalling £4,658,800 ($7,540,734) and selling 91% by value and 79% by lot, this sale is definitely a landmark in the collectible design market.
The top selling lot, Diego Giacometti's Bibliothèque au Mexique sold for £361,250 - just above the mean estimate of £350,000.
Diego Giacometti's Bibliothèque au Mexique
Familiar names from the DeTnk Market Report Top 100 have also made their way into the top 10 sales of the auction. Émile-Jacques Ruhlamnn and Jean Royère appears 3 times - making up 6 of the top 10.
Émile-Jacques Ruhlamnn's Desk with articulated lamp
Ludwig Mies Van Der Rohe's Rare ‘Tugendhat’ coffee table, model no. MR 150/3, produced by Bamberg, 1929-31, set a world record for the famous designer, selling at £217,250 ($351,641).
Ludwig Mies Van Der Rohe's Rare ‘Tugendhat’ coffee table
Alexander Payne, Worldwide Director of Design, Phillips de Pury & Company says of the sale:
“We are thrilled with this landmark Design Auction at Phillips de Pury & Company where we have achieved the highest value sale for the company internationally. We continued with our success after selling the highest priced piece of furniture in New York in December, offering the market a focused sale and presenting works of exceptional quality which has brought international bidders and world record prices. The Phillips de Pury international Design Department’s experience and dedication to the subject is proven with this fantastic auction result.”
