Phillips Auction House in New York to Relocate

The Phillips auction house revealed today that it is planning to move its New York headquarters to 432 Park Avenue, the tallest residential tower in the Western Hemisphere. Phillips will take over 55,000 square feet of the new luxury building designed by Rafael Viñoly Architects and Macklowe Properties, including the Park Avenue Cube—the white-glass, two-story modernist structure on the northwest corner of Fifty-Sixth Street and Park Avenue—and an underground concourse measuring more than 30,000 square feet.

“We’ve spent several years carefully considering the best location for our business and have seen almost every viable commercial space in the city for our new headquarters,” said Sean Cleary, Phillips’s COO, Americas. In addition to the salesroom, Phillips’s new space will boast of a café, an auditorium, and private galleries. The auction house will also move its entire New York staff to a full floor within 432 Park Avenue’s executive office space at 40 East Fifty-Seventh Street.

Commenting on the new space, Edward Dolman, the CEO of Phillips, said: “We have experienced exponential growth in recent years, and this move marks a significant milestone for our company, our employees, and our clients, who will all benefit from the many opportunities presented by this expansion. The new location offers a state-of-the-art exhibition space to display contemporary art, design, watches, and jewelry, and matches the unrivaled setting we offer collectors in our London gallery in Berkeley Square in Mayfair.”