Phillips’s Frieze Week evening sale in London totaled £10.33 million ($13.88 million) across 22 lots, a 32% decline from last year’s £15.1 million on 31 lots. The sale was 82% sold by lot and 84% by value. Highlights included a new world auction record for Emma McIntyre, whose painting *Seven Types of Ambiguity* (2021) sold for £167,700, and strong results for Martha Jungwirth and Flora Yukhnovich. However, major lots by Banksy, Andy Warhol, and Jean-Michel Basquiat underperformed or failed to sell, and four lots went unsold, including works by Andreas Gursky and Sigmar Polke.
The results signal a cooling art market during a key sales period, with Phillips struggling to match previous year’s momentum. The mixed performance—record prices for emerging artists alongside failures for established names—reflects shifting collector confidence and selective demand. The sale’s reliance on guarantees and the loss-adjusted outcome for a Robert Rauschenberg consignment further underscore the cautious mood among buyers and sellers.