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Phillips, de Pury & Luxembourg - Auction Block - Brief Article

* The sale of contemporary art at fresh York's Phillips, de Pury & Luxembourg in its novel downtown location was a hit, as the auction house sold 38 of 42 apportionments offered, or more than 90 percent for a total of $116 million. "The swing had a great energy and feel" holder Simon de Pury said. The top allotment was a graffiti painting through Cy Twombly, "Untitled (Bolsena)" (1969) which sold for $19 million, well below its $25 million presale estimate. The same anonymous buyer won "Jackie (Two Works)" (1964) by means of Andy Warhol, which sold for $383600 just below the presale depressed estimate of $400,000. Other highlights included "Back Light" (2000) by dint of East German figurative painter Neo Rauch, which sold for $196500 (est $100000 to $150000) setting a of recent origin auction record for the artist.



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