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Phillips de Pury & Company London, which held its evening sale on June 27, 2011, has come to specialize in even newer, even younger artists than the two larger houses -- but it did manage to set a seven-figure new auction record for Beatriz Milhazes ($1.1 million) and a six-figure record for Ugo Rondinone, whose white-enameled, cast-aluminum olive tree, otherwise known as Get up girl a sun is running the world, 2006, sold for $864,000)
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Art Market Watch

LONDON CONTEMPORARY
AUCTIONS, A SLIDE SHOW

July 5, 2011 

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The June auctions of contemporary art in London last week give reason for optimism for those who jet in the art-market stratosphere. Sotheby's two-day total was $206 million, with an evening sell-through rate of almost 90 percent and 80.8 percent for the day sale. The total is more or less the same as that notched at the house in February 2008, six months before the financial collapse.

Christie's London came in more than 25 percent lower that its archrival, totaling $146.8 million, with sell-through rates of 82 percent during the evening auction and 75 percent during the day. At Phillips de Pury & Company London, the total was $26.7 million, with corresponding sell-through percentages of 87 percent and 77 percent.


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