New Now Sale Defies Dire Predictions

Philips - new - now

Art Market Monitor has the results round up from Phillips London New Now sale. Despite the torrent of negative press attention preceeding the sale regarding price levels for the work of the younger, abstract artists who tend to be over-represented in the New Now sales, the results were far from disastrous. The break-out piece was a lovely (but quite recent) abstract painting by Matt Connors, which tripled its estimate. Thankfully, the work by Hugh Scott-Douglas, which was the fairly brutal press attention in Bloomberg just before the sale, performed respectably. Hugh Scott-Douglas is a talented, interesting artist with strong gallery support. Long-term collectors--hold the line!