Phillips - New Now: Modern & Contemporary Art

Executive Summary

The "Phillips, New Now: Modern & Contemporary Art - London" auction provided a vibrant snapshot of the current art market, marked by a strong sell-through rate of 83.54% and a total auction value, inclusive of buyer's premium, of £3,424,175. The auction displayed a healthy demand across a variety of artistic mediums and periods, with particularly robust performances by established names like Wade Guyton and the street artist Invader. The mid-range market displayed notable strength, while high-end works significantly contributed to the auction's total value, despite representing a smaller fraction of the lots sold. Collector interest showed marked enthusiasm for historically significant artists and works with a strong narrative or conceptual depth.