Dinosaur Skeleton Brings Bidders to Phillips' $67.3 Million Sale
In a surprise turn of events, a young Triceratops skeleton became the crown jewel of Phillips' latest auction sale, fetching $5.4 million and solidifying the ongoing trend of dinosaur fossils as sought-after investments.
The juvenile Triceratops, dated to 66 million years ago and the first of its species ever to appear at auction, was part of a specialty sale that brought together high-profile artworks with natural history highlights. The auction's success marked a significant shift in Phillips' strategy, focusing on storytelling and marketing through deep time rather than traditional blue-chip narratives.
"We're seeing collectors eager for works that spark curiosity and transcend traditional categories," said Miety Heiden, chairman of private sales at Phillips. "The result underscores the appetite for rare and extraordinary pieces that challenge convention."
While the Triceratops sale drew significant attention, it was not alone in its success. Francis Bacon's Study for Head of Isabel Rawsthorne and George Dyer sold for $16 million, a staggering sum for a work from 1967. The evening also saw strong results for Joan Mitchell, Jackson Pollock, Jean-Michel Basquiat, and Camille Pissarro.
Women artists continued to shine, with Alma Thomas's Untitled collage selling for $477,300 and Ruth Asawa's Untitled (S.230) more than doubling its estimate. Rising Colombian artist Olga de Amaral also made a splash with her luminous golden textile Alquimia 62.
However, not all lots fared as well. A young abstraction by record-setting enfant prodige Jadé Fadojutimi went unsold despite its ambitious $1 million-2 million estimate. The Thunderbolt, the longest gold nugget ever discovered, also failed to find a buyer.
Phillips' chairman Robert Manley attributed the success of the sale to the house's new priority bidding system, which helped secure early commitments and interest on most lots. With strong participation from collectors worldwide and competitive bidding across various art movements, tonight's outcome reaffirmed confidence in the long-term strength of the market.
In a surprise turn of events, a young Triceratops skeleton became the crown jewel of Phillips' latest auction sale, fetching $5.4 million and solidifying the ongoing trend of dinosaur fossils as sought-after investments.
The juvenile Triceratops, dated to 66 million years ago and the first of its species ever to appear at auction, was part of a specialty sale that brought together high-profile artworks with natural history highlights. The auction's success marked a significant shift in Phillips' strategy, focusing on storytelling and marketing through deep time rather than traditional blue-chip narratives.
"We're seeing collectors eager for works that spark curiosity and transcend traditional categories," said Miety Heiden, chairman of private sales at Phillips. "The result underscores the appetite for rare and extraordinary pieces that challenge convention."
While the Triceratops sale drew significant attention, it was not alone in its success. Francis Bacon's Study for Head of Isabel Rawsthorne and George Dyer sold for $16 million, a staggering sum for a work from 1967. The evening also saw strong results for Joan Mitchell, Jackson Pollock, Jean-Michel Basquiat, and Camille Pissarro.
Women artists continued to shine, with Alma Thomas's Untitled collage selling for $477,300 and Ruth Asawa's Untitled (S.230) more than doubling its estimate. Rising Colombian artist Olga de Amaral also made a splash with her luminous golden textile Alquimia 62.
However, not all lots fared as well. A young abstraction by record-setting enfant prodige Jadé Fadojutimi went unsold despite its ambitious $1 million-2 million estimate. The Thunderbolt, the longest gold nugget ever discovered, also failed to find a buyer.
Phillips' chairman Robert Manley attributed the success of the sale to the house's new priority bidding system, which helped secure early commitments and interest on most lots. With strong participation from collectors worldwide and competitive bidding across various art movements, tonight's outcome reaffirmed confidence in the long-term strength of the market.