Phillips auctioneer Henry Highley offering David Hockney's Nichols Canyon, 1980.
Thomas De Cruz Media Haydon PerriorDavid Hockney’s 1980 Los Angeles landscape Nichols Canyon, fetched US$41 million at a Phillips 20th century and contemporary art sale Monday evening, which achieved records for several emerging artists.
The landscape work in Hockney’s rich colors is considered “one of the greatest modern depictions of the Los Angeles environment,” according to Phillips. It was expected to achieve a price in the neighborhood of US$35 million, and quickly did so after opening at a bid of $24 million and then hammering for a price of US$35.5 million, achieving the highest price for a landscape by the artist.
Hockney's figurative works have achieved higher prices, notably Portrait of an Artist (Pool with Two Figures), 1972, which sold for US$90.3 million, with fees, in November 2018.
Overall, Phillips took in US$134.6 million Monday evening, including the buyer’s premium, selling 89% of the 35 lots for sale, 89% by value. The total was a 24% increase over the result of a similar sale last year, Ed Dolman, Phillips CEO, said in a press event after the sale.
Amy Sherald, The Bathers, 2015
Courtesy of PhillipsThe auction was live-streamed with auctioneer Henry Highley in London, and specialists on the phone in London and New York. Lively bidding often took place online with collectors tuning in from Singapore and Hong Kong to Kansas City, Mo.
The biggest fireworks of the night came at the beginning of the sale with a much more modestly priced work, The Bathers, by Amy Sherald, who is known for painting Michelle Obama’s portrait for the National Gallery of Art in Washington, D.C.
Although carrying an estimate of US$100,000 to US$150,000, the bidding began at US$500,000, eventually drawing in 20 different collectors online and on the phones. After 15 minutes, the work sold for a hammer price of US$3.5 million, US$4.3 million with fees, an auction record for the artist.
The result “shows how her work has resonated, and has already become legendary,” Jean-Paul Engelen, deputy chairman at Phillips, said at the press event.
The Bathers was among four works from the collection of Pamela and William Royall, Virginia philanthropists. Two of these works also drew active bidding and set new records. Kehinde Wiley’s Portrait of Mickalene Thomas, the Coyote, sold for a hammer price of US$300,000, more than double a high estimate of US$150,000 and Mickalene Thomas ’ I’ve Been Good To Me, hammered at US$720,000, more than twice a high estimate of US$300,000. The fourth, Barkley Hendricks ’ Selina/Star, hammered US$750,000, just below the low end of an estimate range of US$800,000 to US$1.2 million.
Other artist records were set for Jadé Fadojutimi, whose Lotus Land, 2017, sold for US$378,000, with fees, above a high presale estimate of US$60,000; and Vaughn Spann’s Big Black Rainbow (Deep Dive), 2019, which sold for US$239,400, with fees, also above a high estimate of US$60,000.
Aside from emerging artists, the sale featured 20th century art stalwarts, including Clyfford Still, whose PH-407, 1964 hammered at its estimated price of US$17 million, US$18.4 million with fees.
Joan Mitchell’s Untitled, 1979, with a presale estimate between US$9 million and US$12 million, failed to get enough bids, although an earlier Untitled work from 1953 hammered for US$9.5 million, just below the estimate range, but nonetheless, the seventh highest price achieved for a work by Mitchell.
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Phillips Achieves US$134.6M, Selling Hockney Landscape for US$41M - Barron's
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