While the Phillips twentieth-century and contemporary art evening sale may not have had a shot at beating Christie’s record-smashing $785.9 million haul Wednesday nightwhich it owed to a rare Leonardo da Vinci painting that sold for $450.3 millionthe auction netted a solid $113.8 million, surpassing last year’s $111.2 million.
With a 96 percent sell-through rate, the Thursday night sale started strong with Pablo Picasso’s work on paper Portrait de femme endormie III (Portrait of a Sleeping Woman III), 1946, sparking a bidding war that ended with the work selling for $9.3 million, nearly nine times its estimate.
Peter Doig’s Red House, 1995–96, led the sale, going for $21.2 million, within its estimate of $18 million to $22 million. The collector who consigned the work had previously bought the piece at Christie’s London in October 2008 for only $3.17 million.
Highlights of the night also include Cy Twombly’s Untitled, 2004, which exchanged hands for $7.52 million, as well as a Carmen Herrera work, Untitled (Orange and Black), 1956, which brought in $1.17 million, and Hélio Oiticica’s P 31 Parangolé, cape 24, Escrerbuto, 1972, which sold for $615,0000, setting new records for both artists.