David Hockney Painting Sells for £2.4m at First Posthumous Auction
A painting by David Hockney fetched £2.4 million at Phillips’ Modern & Contemporary Art sale, marking the first major auction of the artist's work since his death. The sale indicates that collectors are paying established values rather than a posthumous premium.
Key facts
- David Hockney painting sold for £2.4 million
- Sale occurred at Phillips’ Modern & Contemporary Art auction
- First major auction since Hockney's death
- Price reflects established market values, not posthumous premium
Entities
Artists
Institutions
- Phillips