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Phillips Modern & Contemporary Sale Nets $115.2 M., With Strong Results for Women Artists

Phillips’ modern and contemporary art evening sale on Tuesday achieved $115.2 million against a presale estimate of $84.2 million, its highest since 2022. All 40 lots sold, with standout results for works by living artists like Joseph Yaeger, whose painting fetched $477,300 against a $60,000 estimate, and Anna Weyant, whose work sold for $980,400. Works by 20th-century female artists including Lee Bontecou, Olga de Amaral, and Helen Frankenthaler also exceeded expectations, with Bontecou’s pastel setting a record for a two-dimensional work by the artist at $4.3 million.

warhol bardot clemente bar

Artnet News' Wet Paint column reports on a special auction held at Clemente Bar in New York, where Fair Warning—an app founded by former Christie's executive Loic Gouzer—sold an Andy Warhol portrait of Brigitte Bardot for $14.5 million ($16.7 million with fees). The event, hosted by Gouzer and curator-advisor Lolita Cros, featured former Christie's auctioneer Jussi Pylkkänen and attracted a crowd of high-net-worth individuals, including Greek shipping magnate George Economou, dealer David Mugrabi, artist Tony Shafrazi, and other art-world figures. Bidding started at $7 million, and the winning bid came from an anonymous phone bidder.

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

How To Do New York Art Week 2025 Like An Insider

Sophia Penske, founder of Penske Projects and an art advisor at Gagosian Art Advisory, provides an insider guide to New York Art Week 2025, running May 5–12. She highlights three main fairs: Frieze New York at The Shed (May 7–11), Independent Art Fair at Spring Studios (May 8–11), and TEFAF. The guide includes notable artists to see—such as Daisuke Fukunaga at Tomio Koyama Gallery, Doron Langberg at Victoria Miro, Moka Lee at Carlos/Ishikawa, Julia Jo at Charles Moffett, Laura Footes at SHRINE, and Nicole Economides at Callirrhoe—along with nearby dining, spa, and gallery recommendations.