'Woo-Hoo!': A Global Hunger for Hot Young Figurative Art Propelled Phillips and Poly's Hong Kong Sales to a 'White Glove' $90 Million
Missing in Action Image courtesy Phillips and Poly. “Woo-hoo!” said Jonathan Crockett, Phillips’s chairman of Asia, as he brought down the gavel on the last lot of a two-hour hybrid auction in Hong Kong and Beijing on Tuesday. The sale, held in partnership with mainland auction house Poly, served to underscore the growing demand in Asia for younger, emerging art stars. All told, the sale series brought in $90 million (HK$701.5 million), handily exceeding the presale estimate of $46 million to $66 million. (Final prices include buyers’ premium; estimates do not.) The evening sale a...
Source: artnet.com