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London: rain of records in the Phillips auction

Following Sotheby's and Christie's, Phillips' evening sale set 7 records, sell-through rates of 96% in value, 93% in lots, for a total of £25,251,900. Sigmar Polke's Negerplastik sold for £3,047,500.

The world of huge art purchase figures does not seem to know any crisis, on the contrary. Big problems instead for the art market with affordable, if not low, prices, which is still in great crisis not only for Covid. This is demonstrated by the great crisis of the galleries with annual turnover below 500,000 euros. Much will have to change.

Translated with (free version)

Negerplastik di Sigmar Polke

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