Emerging Artist Records Fall in $58 M. Phillips and Poly Joint Evening Sale in Hong Kong

On Tuesday night in Hong Kong, Phillips held a modern and contemporary art sale that brought in a hammer total of HKD 370.4 million ($47.5 million) and a grand total, with premiums, of HKD 454.6 ($58.2 million). Staged in collaboration with the Chinese auction house Poly, it well exceeded its pre-sale low estimate of HKD 294.6 million ($37.8 million), which is calculated without the buyer’s premiums included.
The sale saw 50 of the 52 works on offer sell, with six lots withdrawn before the