Phillips Sale Totals $131 Million

Carol Vogel reports in the New York Times that the evening contemporary sale staged by Phillips last night brought in a total of $131 million, just over its low $124.6 million estimate. The highest-priced work was Rothko’s Untitled (Red, Blue, Orange), 1955, which sold to an anonymous bidder for $50 million. Pieces by young artists also exceeded their estimates: a canvas by Wade Guyton went for $2.1 million, over its $2 million estimate, and an Oscar Murillo painting went for $389,000, more than doubling its high estimate of $150,000. Of the forty-six works on offer, nine failed to sell, including sculptures by Dan Flavin, Claes Oldenburg, Roy Lichtenstein, and David Smith.