Phillips will offer an untitled Cy Twombly work from the 2005 series of paintings titled Bacchus Psilax Mainomenos for $35 million during its November sale.
While “generative art” has come to be associated with the world of web3, the term dates back to a 1965 exhibition of work by Georg Nees, an academic, and Frieder Nake, a mathematician. Phillips’ online sale Ex-Machina: A History of Generative Art, spans beyond the existence of the phrase. The sale runs through July 20th, 2022.
Phillips released its mid-year sales figures today along with the announcement that it would be opening a Los Angeles location in West Hollywood. For the first half of 2022, Phillips had total sales of $746 million. According to the firm, that’s a 37% increase over the previous record year. Auction sales rose to $590
Young artists with persistent markets helped the house close the season with a £17.5 million sale. Phillips London Evening Sale totaled £17.5 million ($21.28 million) with 31 of the 33 lots offered finding buyers. That’s a 94% sell-through rate, helped along by the withdrawal of two lots—a Baselitz and a Grotjahn—before the sale.