Art News – “New Now,” Phillips’ sale geared toward emerging artists, pulled in $2.8 million on afternoon after offering 202 lots, putting it squarely between its low estimate of $2.4 million and its high estimate of $3.5 million. The sell-through rate was a respectable 74 percent by lot. Though that is not spectacular, it’s still a marked improvement from last March’s “New Now” affair, when only 51 percent on the lots found buyers, en route to a total that fell $2 million short of its low estimate.
Highlights, price-wise, came mostly from the works by canonical artists who were scattered about through the show. Yayoi Kusama’s Infinity Nets (TWWP) (2006), which went for $225,000, a Lawrence Weiner from the collection of the Finnish economist Pentti Kouri that went for $175,000, and a Giuseppe Penone sculpture, Fingernail and Marble (Unghia e marmo), that went for $150,000. read more