Which Emerging Artists Are Most in Demand? What Phillips’s New York Sales Can Tell Us
Flora Yukhnovich, Pretty Little Thing, 2019
Which artists are at the top of collectors’ lists? Below, a look at the works from Phillips’s New York sales that saw the most competition among bidders.
The London-based auction house Phillips has gained a reputation as the go-to venue to acquire works by emerging artists in high demand on the primary market. Each season, the New York day and evening sales at Phillips typically generate records for rising talent, and last week, that was certainly the case. At those sales, new benchmarks were set for 26 artists, including Cinga Samson, Avery Singer, Titus Kaphar, Julie Curtiss, and Kehinde Wiley. Together, thee sales brought in a collective $153 million with buyer’s premium across 324 lots, surpassing the $101 million hammer low estimate.
Phillips specialists have been vocal about tapping increased fervor among collectors for works by emerging and mid-career women artists and artists of color. Relative to their Western male peers, these artists have long been under-represented in the institutions around the world. “There was a lot of intentionality in going after under-represented artists,” Robert Manley, Phillips’s deputy chairman and worldwide co-head of 20th- and 21st-century art sales, told ARTnews last week.
Angelica Villa June 28, 2021. For the complete ARTNews article.
Read more: https://www.artnews.com/list/art-news/artists/phillips-new-york-june-2021-sales-top-selling-emerging-artists-1234597083/
Flora Yukhnovich Pretty Little Thing (2019) sold for $1.2 million
Known for her paintings drawing on Rococo styles pioneered in the 18th century by artists like Jean-Honoré Fragonard and Jean-Antoine Watteau, Flora Yukhnovich recently got major gallery representation in 2019 at Victoria Miro,
At Phillips, her canvas Pretty Little Thing (2019) sold for $1.2 million, 20 times its estimate of $60,000, setting a new record and surpassing her previous record of $29,900, paid for an untitled 2018 work on paper at Bonhams in April 2021.
Emily Mae Smith, Waiting Room, 2015 Sold for $756,000
Emily Mae Smith’s surreal paintings featuring broom-like characters have captivated the art market in recent years…Just this month in Hong Kong, Phillips set the artist’s record with Broom Life (2014), which sold for HKD 12.4 million ($1.6 million), besting the work’s high estimate 20 times over. This work didn’t sell for quite as much, though it also performed well, going for a total of $756,000, 19 times its low estimate of $40,000.
Cinga Samson, Two Piece 1, 2018, Sold for $378,000
Over the past few years, there’s been a wave of interest in young figurative painters challenging Western depictions of Black subjects. Among them is the South African star Cinga Samson, whose 2018 painting of a young Black with a vacant stare man made a splash at Phillips.…At Phillips, after bids flooded in from New York, Hong Kong, and London, Two Piece 1 sold to an online bidder for a hammer price of $300,000 ($378,000 with premium), 12 times the work’s low estimate.
Paul Wonner, Flowers, Chairs, a Dog and Two Birds, 1986 Sold for $201,600
Paul [sic] Wonner, who died in 2008, painted intricate still lifes, and has largely remained a lesser-known figure associated with the Bay Area Figurative Movement, which also included Richard Diebenkorn, Elmer Bischoff, and David Park
Robin Quist [sic] Gate’s heirs sold it at Phillips for $201,600—13 times the work’s low estimate of $15,000—making it the sixth-highest selling work by Wonner to surface at auction.
Godwin Champs Namuyimba, Destiny, 2019, Sold for $107,100
Ugandan painter Godwin Champs Namuyimba was represented at Phillips by his painting Destiny (2019), which depicts a Black astronaut in repose, his head resting on a globe.
John Auerbach, a former Sotheby’s executive and an art collector, originally purchased work directly from the artist at a time when his paintings were selling for prices between $1,000 and $2,000. It sold for $107,100, 13 times the estimate of $8,000, just days before the artist is due to have a solo show at New York’s East Projects gallery.
Angel Otero, Acis and Galatea, 2013, Sold for $277,200
At Phillips’s day sale, Angel Otero’s Acis and Galatea (2013), made in homage to a painting by Nicolas Poussin of the same name, sold for $277,200, 11 times its estimate of $25,000. The result marks a new record for the artist, who is a staple in contemporary art auctions
Alex Gardner, Chair #2, 2016 Sold for $214,200
Los Angeles–based artist Alex Gardner, who is part of the L.A. artist-run collective New Image Art , is known for his dreamy compositions of featureless Black subjects.
At Phillips, Gardner’s Chair #2 (2016), depicting one figure sitting atop another kneeling one, sold for $214,200, 10 times the $20,000 low estimate. The result set a record for the artist, outdoing the $191,600 paid for Triangle #2 (2016) at Phillips during a New York contemporary art sale just two months ago, in April.
Jadé Fadojutimi, Untitled, 2018, Sold for $310,000
At just 27 years old, Jadé Fadojutimi is currently the youngest artist in the collection of the Tate. It’s been a big year for the British artist, with her work on view in the Liverpool Biennial and solo shows at Taka Ishii Gallery in Tokyo and the Institute of Contemporary Art, Miami in the pipeline. Alongside all this, her market has taken off, with a new record of $725,000 minted at Phillips in Hong Kong earlier this year. At Phillips in New York, her chaotically composed painting Untitled (2018) outpaced expectations, selling for $390,600, 6 times the low estimate of $60,000.
Allison Zuckerman, The First Royal Portrait, 2018 Sold for $252,000
…Sourcing imagery from high and low culture, Zuckerman’s collaged works are now a hot commodity at auction. Her large-scale painting The First Royal Portrait (2018) sold for a hammer price of $200,000, more than six times the low estimate. The anonymous seller purchased it just three years ago at the New York gallery Kravets/Wehby.
Amoako Boafo, Untitled, 2018 Sold for $655,200
In the past few years, Amoako Boafo has had a rapid market rise, gaining representation at galleries like Los Angeles’s Robert Projects and Chicago’s Mariane Ibrahim, as well as a solid collector base that includes television producer turned art dealer Jeremy Larner. At Phillips’s most recent New York evening sale, his 2018 untitled portrait of a subject in a billowing yellow garment sold for $655,200, eight times the $80,000 low estimate..
