On October 15th in London, Philips de Pury & Company’s Auction of 20th century and contemporary design brought in a total of £1,229,013.
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.
Although Sunday’s ambitious auction broke no records it did offer a fresh new approach to the contemporary design auction.
Building on the success of their recent April London Design sale, Phillips de Pury & Company’s June 3rd Auction faired quite well, maintaining the perception that the design market continues to hold its own in this volatile economy.
With 89 of the 128 lots going to buyers, for a total of $2,141,250 the auction was just shy of its lower-end pre-sale estimate of $2.7M
Yesterday’s Important Design sale at Wright was not the most remarkable session in history, with only 51% of the works on offer managing to sell. However, Wright did pull through with a few remarkable sales and a respectable, albeit uninspiring, $2,366,361 final tally – a far cry from last year’s equivalent sale which totaled $5,867,151.
There were likely many collectors paying close attention to the results of the April 30th design auction at Phillips de Pury & Company in London.