Phillips - Design
May 2nd, 2024
Executive Summary
The recent Phillips Design auction achieved remarkable success, showcasing a diverse range of highly sought-after works from renowned artists and designers. With a sell-through rate of 89.63% and a total hammer price value of £3,078,443.31 surpassing the median estimate by 42.78%, the auction demonstrated strong demand and effective curation. The top-performing lots included pieces by Diego Giacometti, Shiro Kuramata, Line Vautrin, and Hans Coper, among others, with several works significantly exceeding their pre-sale estimates. The auction also highlighted the importance of provenance, with many top lots boasting direct artist connections, prestigious gallery associations, and inclusion in notable collections and exhibitions.