saatchi

Phillips de Pury Auction Worth the Price of a Painting

The Phillips de Pury auction on Thursday night raked in what once would have come from a single painting. Despite parading out pieces by Andy Warhol, Jeff Koons and Richard Prince, the sale was good for a mere $7 million, with individual lots moving for prices in the hundreds of thousands of dollars. Thirty-nine went under the gavel, and eight didn't sell.

The Chelsea auction house lacks the savvy, knowledge and reach of Sotheby's and Christie's, so it had to lean on British art collector Charles Saatchi, who has agreed to complete most of his transactions through Phillips de Pury. In trade, subsidies from the auction house help keep access to Saatchi's gallery free.

Roughly a dozen of the lots came from Saatchi, while the others are said to have been rejected by Sotheby's and Christie's. In general, the pieces were "pretty skimpy," according to Manhattan art dealer Edward Tyler Nahem, who observes that the auction house "did pretty well with what they had."

Japanese artist Yayoi Kusama was the top seller, with her painting "Infinity Nets (T.W.A.)" busting past its high-end presale estimate of $400,000 and settling at $842,500 (including fees). Kusama's performance follows a well-hyped exhibition at the Gagosian Gallery this year.

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Artist Dash Snow Dies, Heroin

by Tom Johansmeyer (RSS feed) —

Filed under: Art

New York artist and gallery darling Dash Snow died Tuesday at the age of 27: heroin was the culprit. The hot artist's work lives on at the Saatchi Gallery in London, where his project "Abstract America: New Painting and Sculpture" is on display. His work has also been shown in Gagosian Gallery, Deitch Projects and is held in permanent collections at the Whitney and Brooklyn Museum.

Snow has worked in graffiti, photography and even his own semen. Though he has famous roots (Uma Thurman's his aunt), Snow preferred a gritty life on the Lower East Side involving theft, jail time and the narcotic that caused his demise. The world has lost a creative force – but one that was destructive at the same time.

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