This Friday, Phillips is opening up a new outpost in the Hamptons, joining other auction houses like Sotheby’s and Christie’s, as well as galleries like Hauser & Wirth, Pace and Skarstedt. Phillips has moved into a two-story, 6,000-square-foot space in Southampton, New York, which has been redesigned by studioMDA. Its inaugural show at the new space will feature 70 works, giving the public a hint of what will be included in the auction house’s upcoming sales.
A major highlight of the November evening sale of 20th-century and contemporary art is Jean-Michel Basquiat’s 1982 painting Portrait of A-One A.K.A King, which is estimated to fetch between $10 million to $15 million USD. The six-by-six-foot work work serves as a tribute to the legendary New York graffiti artist A-One, who was also a close friend of Basquiat, and is an example of the artist’s “mark-making,” Robert Manley, co-head of 20th-century and contemporary art and global chairman at Phillips, told ARTnews.
Back in June, Basquiat’s Untitled (Head) (1982) achieved a new record for a work on paper by the artist at Sotheby’s, where it sold for $15.2 million, while Phillips sold a Basquiat paper on canvas work titled Victor 25448 (1987) for $9.3 million USD last month. Just two weeks ago, a Basquiat work set a record for an in-app purchase when Untitled (1982) went for $10.8 million USD on former Christie’s co-chairman Loïc Gouzer’s new app called Fair Warning.
Other works that will be included in the evening sale of 20th-century and contemporary art include pieces by Pablo Picasso, Ruth Asawa, Joan Miró, Nicolas Party, Robert Rauschenberg and many others. The sale is scheduled for November 11 to 12.