Art Market Watch

NEW HIGH FOR PHILLIPS DESIGN IN LONDON
by Jessica Mizrachi

During “Islamic Week” in London in mid-April, Sotheby’s and Christie’s offered art from the Muslim world, but Phillips de Pury & Company went its own way, holding a design sale. The bit of counter-programming paid off, and the auction resulted in the firm’s highest total for the category. The 211-lot sale on Apr. 26, 2012, totaled £4,658,800, or $7.5 million (£1 = $1.62) with 79 percent of the lots selling. The results just topped the house’s own December design sales in New York, which brought $7.1 million. Results are given here in dollars.

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