ArtTactic Editorial

Auction News

New York Maintains Control of Growing Auction Market

By Mary Ahearn
August 7, 2018

Robert Motherwell’s “At Five in the Afternoon” (1971) sold at Phillips 20th Century & Contemporary Art Evening Sale in New York on 17 May 2018 for a hammer price of $11 million. The work was from the collection of Holly Hunt. This was the second highest earning painting from the sale, followed by Jean-Michel Basquiat’s “Flexible” (1984), which sold for a hammer price of $40 million. Image courtesy of Phillips.