ART MARKET WATCH
Mar. 10, 2009NEW RECORDS AT PHILLIPS DE PURY & CO.
The "Under the Influence" sale held at Phillips de Pury & Co.
on West 15th Street in Manhattan’s Chelsea art district on Monday, Mar. 9, 2009 -- at the tail end of Armory Week 2009
-- totaled a modest $1,617,688 (including premium), with almost 52 percent of the 195 lots offered finding buyers. It was a day for beginning collectors, as many works went for under $10,000, or even $5,000. Still, as has been the practice at the boutique auction house, several of the lots were by artists new to the auction market, and as a consequence the sale set auction records for 21 artists.