Phillips London Evening Sale Raises £30 Million, Donates Buyer's Premium to Ukrainian Red Cross
On March 3, 2022, Phillips wrapped up a three-day auction series in London, which had commenced with Christie's on March 1 and continued with Sotheby's. The contemporary art auction, featuring over 80% of artists making their debut, achieved a total of around £30 million. Phillips committed to donating 100% of the Buyer's Premium and Vendor's Commission to the Ukrainian Red Cross, generating £5.8 million. CEO Stephen Brooks highlighted the importance of the charity's efforts. Notable sales included Lauren Quin's 'Airsickness' (2021) and Issy Wood's 'Chalet' (2019), both fetching £441,000, while Cecily Brown's 'When Time Ran Out' (2016) sold for £3,168,500 and David Hockney's 'Self-Portrait on the Terrace' (1984) reached £4,862,500.
Key facts
- Phillips evening sale on March 3, 2022, in London
- Total sales of approximately £30 million
- Over 80% of artists were making their auction debut
- 100% of Buyer's Premium and Vendor's Commission donated to Ukrainian Red Cross
- £5.8 million raised for Ukrainian Red Cross
- Phillips owned by Russian company The Mercury Group
- Lauren Quin's 'Airsickness' sold for £441,000 (estimate £30,000-50,000)
- Issy Wood's 'Chalet' set a record at £441,000
- Jadé Fadojutimi's two works sold for £627,500 and £529,200
- Cecily Brown's 'When Time Ran Out' sold for £3,168,500
- David Hockney's 'Self-Portrait on the Terrace' sold for £4,862,500
- Renato Guttuso's 'Aranceto notturno' sold for £170,100
- Banksy and Gerhard Richter works remained unsold
Entities
Artists
- Lauren Quin
- Doron Langberg
- Cinga Samson
- Issy Wood
- Jadé Fadojutimi
- Nicolas Party
- Shara Hughes
- Cecily Brown
- David Hockney
- Renato Guttuso
- Banksy
- Gerhard Richter
- Domenico Gnoli
Institutions
- Phillips
- Christie's
- Sotheby's
- Ukrainian Red Cross
- The Mercury Group
- Artribune
Locations
- London
- United Kingdom