Phillips' $67.3 Million Evening Sale: A Triceratops and Francis Bacon Steal the Show
The New York auction house Phillips has proven once again that dinosaurs are not only a trend, but also a lucrative investment opportunity for collectors. The house's November evening sale surpassed last year's result by 24 percent, with a total of $67.3 million in sales across 33 lots.
At the center of the action was a rare juvenile Triceratops skeleton, which sold for a staggering $5,377,000. This is not only a remarkable price for a fossil, but also marks a significant milestone as the first of its species to appear at auction. The fact that it fetched over twice its estimated value suggests that dinosaurs are becoming increasingly desirable among collectors.
The success of the Triceratops sale was attributed to Phillips' strategic approach, which focuses on connecting artworks with deep time and evoking a sense of wonder and curiosity. This is reflected in the house's new Out of This World label, which pairs institutionally recognized blue-chip artists with natural history highlights.
Francis Bacon's highly anticipated "Study for Head of Isabel Rawsthorne and George Dyer" (1967) was another top performer, selling for $16,015,000. The work, considered a highlight of the sale, was neatly within its estimated range, reflecting growing demand for the artist's works.
The evening also saw strong results for other blue-chip artists, including Joan Mitchell and Jackson Pollock. A highly competitive bidding war ensued over Mark Tansey's "Revelever," which sold for $4,645,000 despite its high estimate of $2,500,000-3,500,000.
Women artists delivered some impressive performances, with Alma Thomas's 1968 collage selling for $477,300 and Ruth Asawa's 2019 work exceeding its estimated value at $1,006,200. The sale also included strong results for rising Colombian artist Olga de Amaral and a rare natural formation, the longest gold nugget ever discovered.
Phillips' chairman Robert Manley attributed the success of the evening to the house's new priority bidding system, which secured early commitments and interest on most lots. This contributed to an impressive 91 percent of works selling within or above estimate. The results confirmed not only the enduring draw of blue-chip artists but also the market's resilience and ongoing global demand.
As collectors continue to seek out rare and extraordinary pieces that challenge convention and expand the boundaries of what collecting can be, Phillips' $67.3 million evening sale is a testament to the power of art and nature to captivate our imagination.
The New York auction house Phillips has proven once again that dinosaurs are not only a trend, but also a lucrative investment opportunity for collectors. The house's November evening sale surpassed last year's result by 24 percent, with a total of $67.3 million in sales across 33 lots.
At the center of the action was a rare juvenile Triceratops skeleton, which sold for a staggering $5,377,000. This is not only a remarkable price for a fossil, but also marks a significant milestone as the first of its species to appear at auction. The fact that it fetched over twice its estimated value suggests that dinosaurs are becoming increasingly desirable among collectors.
The success of the Triceratops sale was attributed to Phillips' strategic approach, which focuses on connecting artworks with deep time and evoking a sense of wonder and curiosity. This is reflected in the house's new Out of This World label, which pairs institutionally recognized blue-chip artists with natural history highlights.
Francis Bacon's highly anticipated "Study for Head of Isabel Rawsthorne and George Dyer" (1967) was another top performer, selling for $16,015,000. The work, considered a highlight of the sale, was neatly within its estimated range, reflecting growing demand for the artist's works.
The evening also saw strong results for other blue-chip artists, including Joan Mitchell and Jackson Pollock. A highly competitive bidding war ensued over Mark Tansey's "Revelever," which sold for $4,645,000 despite its high estimate of $2,500,000-3,500,000.
Women artists delivered some impressive performances, with Alma Thomas's 1968 collage selling for $477,300 and Ruth Asawa's 2019 work exceeding its estimated value at $1,006,200. The sale also included strong results for rising Colombian artist Olga de Amaral and a rare natural formation, the longest gold nugget ever discovered.
Phillips' chairman Robert Manley attributed the success of the evening to the house's new priority bidding system, which secured early commitments and interest on most lots. This contributed to an impressive 91 percent of works selling within or above estimate. The results confirmed not only the enduring draw of blue-chip artists but also the market's resilience and ongoing global demand.
As collectors continue to seek out rare and extraordinary pieces that challenge convention and expand the boundaries of what collecting can be, Phillips' $67.3 million evening sale is a testament to the power of art and nature to captivate our imagination.